Divorce and Higher Education

Higher education costs continue to skyrocket in America and parents and students alike are struggling to pay the tab. The average annual cost of tuition, fees, and room and board at a four-year public institution exceeds $17,000, a total that does not count tens of thousands in basic living expenses and all the attendant costs—computers, transportation, laundry, groceries, cell phones.1 According to a recent article in the New York Times, student loan debt in the United States now exceeds $1 trillion. It’s a simple and stark truth: college is expensive, and it’s not getting any cheaper.2 When parents terminate their marriage, should they make a provision for their children’s college education, and if so, how?

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