Tag Archives: college expenses
Divorced Parents and College Expenses, Part 2: Eligible Expenses and Your Child’s Responsibilities
Last week on this blog, we discussed the basics of the Illinois law that allows a court to require one or both parents to contribute to their child’s college expenses following a divorce. To summarize, college expenses for a couple’s child are essentially considered to be a financial matter between the parents in divorce, as long as at least one parent is willing to help the child financially. TheContinue reading
Divorced Parents and College Expenses, Part 1: Will You Have to Pay?
With the current school year now in full swing, many high school seniors are starting to look ahead to next year and their plans to attend college. To those who have never experienced it, planning almost a year in advance may seem unnecessary, but the college admissions process can sometimes take longer than people realize. In addition, it is never too early to start figuringContinue reading
New Law Places Limits on Support for College Expenses
If you are currently paying child support pursuant to a court order, you probably expect that your obligations will be complete when your child turns 18 and/or graduates high school. While such an expectation is certainly reasonable, and even accurate in most cases, the state of Illinois may require you to continue providing support beyond age 18 for the purposes of assisting with educational expenses.Continue reading
Child Support and College Expenses
If you pay child support in Illinois, you are probably looking forward to the day that your child turns 18 or graduates from high school. Most likely, you recognize the need for your support obligation, but once your child is no longer a minor high school student, there certainly other things you could do with the money. Before making any plans for long-term investments orContinue reading