The implications of divorce on college funding
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:
