When parents agree to share college costs as part of their divorce settlement, it can be at a time when their children are younger and college is still in the far-off future.
But time marches on, and someday those same young children will be young adults getting ready for the next big step in life. As your child decides on which college or university to attend, it is time to look back at those college cost sharing agreements. Does your agreement obligate you to pay 20%, 50%, 80%, or even all of your child’s tuition? Read more