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Divorce and College Tuition and Expenses as a Term of Negotiation

May 18, 2016 @ 10:23 AM — by Michael Green

In a divorce with children in or heading to college, the issue of payment for college tuition and expenses has to be dealt with by the parties.  With today's skyrocketing college costs, many parties are choosing for their children to attend state schools in lieu of more expensive private schools.  In the State of New Jersey, parties may have an obligation to pay for college costs after the children look towards whatever loans, grants or assistance they may be able to get on their own.  In some instances, one party may choose to be wholly responsible for college costs in lieu of the other party taking less in alimony or equitable distribution.  However, these options must be weighed carefully, as the ultimate costs may not be known in advance as the children may choose multiple alternatives as regards college and they may receive certain assistance not foreseen.  If you have questions regarding divorce and the payment of college costs, call us at 732-390-0480 or 201-242-1119 for a free consultation in our East Brunswick or Fort Lee offices.  Our NJ divorce attorney or NJ divorce lawyer will assist you with your New Jersey divorce.

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