If you have children, you have probably given a great deal of thought to the fact that they will one day graduate from high school and head off to the world of higher education. Of course, along with that idea comes the realization of just how expensive it is going to be to send your children to college. Over the last several decades, the cost of tuition at a four-year private university has more than doubled. During that same period, the average tuition at a four-year public school has more than tripled!
Determining how—or even if—you are going to pay for your child’s college education or child support is hard enough for parents who are still married to one another. For those who are divorced, the decision is often even more complicated.
College Expenses as a Financial Decision During Divorce