I interviewed Certified College Planning Specialist, Jeff Taylor, about how divorce impacts college funding. Taylor has many single moms as clients, and knows this situation well. “Divorce can cause you to forfeit money you would otherwise be entitled to if you aren’t planning properly before, during, and after the divorce,” says Taylor. How assets will be or are distributed, income levels of the parents, and the amount of alimony and child support paid all play into the equation of whether and how much funding will be available for college. To help divorced parents obtain college funding for their children, Taylor offers these strategies:
School may be out for summer, but parents still need an education….. in college planning! Learn about the common miconceptions surrounding college planning and scholarships, according to Certified College Planning Specialist, Jeffrey Taylor. Taylor shared more tips earlier this year about student marketing and why early planning is better for your student. Read that blog here.