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Post by littlemama on Apr 27, 2023 10:37:09 GMT
There is no requirement for a parent to pay school costs for an adult child, so it really depends on the parties involved wanting to do thr right thing.
Morally, the one who earns 3/4 of a million dollars a year should be happy that they can easily afford it and should be the one paying.
Realistically, in a divorce there are people who refuse to help their children, whether obligated to or not, because they think of it as a fuck you to the other spouse.
Ultimately if the big earner refuses to help, the child should look for scholarships and take out loans as the one making 100k really cant afford $20k in college costs plus housing and living expenses for the child.
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snyder
Pearl Clutcher
Posts: 4,062
Location: Colorado
Apr 26, 2017 6:14:47 GMT
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Post by snyder on Apr 27, 2023 11:00:23 GMT
I would think that if they have been married long enough to have college age children, then she may be entitled to spousal maintenance based on the difference in salaries. That would then need to be figured into the equation.
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Post by sabrinae on Apr 27, 2023 20:47:32 GMT
There is no requirement for a parent to pay school costs for an adult child, so it really depends on the parties involved wanting to do thr right thing. Morally, the one who earns 3/4 of a million dollars a year should be happy that they can easily afford it and should be the one paying. Realistically, in a divorce there are people who refuse to help their children, whether obligated to or not, because they think of it as a fuck you to the other spouse. Ultimately if the big earner refuses to help, the child should look for scholarships and take out loans as the one making 100k really cant afford $20k in college costs plus housing and living expenses for the child. The problem the kid is going to have is her fathers income will be imputed to her. So she won’t be able to take out any federal loans if she can’t get scholarships. The kid will likely have to take out private loans and will need a co-signer.
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Post by littlemama on Apr 27, 2023 21:25:01 GMT
There is no requirement for a parent to pay school costs for an adult child, so it really depends on the parties involved wanting to do thr right thing. Morally, the one who earns 3/4 of a million dollars a year should be happy that they can easily afford it and should be the one paying. Realistically, in a divorce there are people who refuse to help their children, whether obligated to or not, because they think of it as a fuck you to the other spouse. Ultimately if the big earner refuses to help, the child should look for scholarships and take out loans as the one making 100k really cant afford $20k in college costs plus housing and living expenses for the child. The problem the kid is going to have is her fathers income will be imputed to her. So she won’t be able to take out any federal loans if she can’t get scholarships. The kid will likely have to take out private loans and will need a co-signer. For some reason, I thought it was only the parent she lives with whose income counted. I know for dh, his stepdad's income counted but his dad's did not. That is why he didnt qualify for any aid. His stepdad made good money, but would not help him. His dad didnt make much.
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Post by Darcy Collins on Apr 27, 2023 21:53:10 GMT
The problem the kid is going to have is her fathers income will be imputed to her. So she won’t be able to take out any federal loans if she can’t get scholarships. The kid will likely have to take out private loans and will need a co-signer. For some reason, I thought it was only the parent she lives with whose income counted. I know for dh, his stepdad's income counted but his dad's did not. That is why he didnt qualify for any aid. His stepdad made good money, but would not help him. His dad didnt make much. This is extremely school dependent. For schools that only use the FAFSA - custodial household is what's declared (including remarried spouse if relevant). For CSS schools - typically the one's most generous with financial aid, both parents' household income is declared.
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Post by epeanymous on Apr 27, 2023 22:26:05 GMT
For some reason, I thought it was only the parent she lives with whose income counted. I know for dh, his stepdad's income counted but his dad's did not. That is why he didnt qualify for any aid. His stepdad made good money, but would not help him. His dad didnt make much. This is extremely school dependent. For school's that only use the FAFSA - custodial household is what's declared (including remarried spouse if relevant). For CSS schools - typically the one's most generous with financial aid, both parents' household income is declared. I don't know if this matters, but FWIW the parents have agreed they will have joint custody (I do not know if that is different than custody for financial aid purposes). Either way they won't be divorced before the child leaves for college so I'm not sure how that would work either.
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Post by Darcy Collins on Apr 27, 2023 22:35:51 GMT
This is extremely school dependent. For school's that only use the FAFSA - custodial household is what's declared (including remarried spouse if relevant). For CSS schools - typically the one's most generous with financial aid, both parents' household income is declared. I don't know if this matters, but FWIW the parents have agreed they will have joint custody (I do not know if that is different than custody for financial aid purposes). Either way they won't be divorced before the child leaves for college so I'm not sure how that would work either. The first year is going to be dependent on whatever they filed (if they bothered, I doubt they did) back in October - some schools will make adjustments based on changed circumstances, but there's no guarantee and I doubt going to get a divorce with high income parent is going to move them - but that's pure speculation on my part. The FAFSA is also changing - don't recall which year, to change definition of custodial parent to whoever get's most financial support. So if he pays appropriate child support, he very well may continue to be the custodial parent for financial aid purposes. I hope it's amicable - transition is tough kids, divorce is tough on kids, uncertainty is tough on kids - sounds like they're facing it all. ETA I looked it up the changes to FAFSA happen 24-25 award year.
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Post by ktdoesntscrap on Apr 28, 2023 1:39:33 GMT
He should pay all. Her job is already covering half and he can easily afford it. Can’t they start mediation asap and agree on temporary division of child expenses? Surprised they don’t have a 529 plan. (Signed mom with 3 kids in college…) I'm utterly shocked they don't have a 529. Makes me wonder if the assumption about his income is correct. To the OP, even if his income is less than assumed, I would give her credit for discount due to her job and he should pay the balance. If they knew her job might pay for some or all of it, and they are high earners it makes sense that they wouldn't have a 529.
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Post by revirdsuba99 on Apr 28, 2023 23:43:02 GMT
Just my personal opinion. Paying for College is not an obligation or responsibility of Parenting, or divorce settlements and support payments. Parental financial support for College and expenses is more of a bonus type thing. Each Parent can contribute whatever they want. Otherwise it is up to each child to secure loans, scholarships and grants. Disclaimer: I am not a Parent Every Parent has a different thoughts and perspective as to what is and isn't provided for (College, first car, extra curricular activities and the expenses involved, School related amusement park visits-travel and trips abroad, technology (the latest and greatest smart phone, etc...). I grew up in a home with a narcissist Parent, and the extras were not included (no College, no first car, no Wedding help, no class ring, class trips we were given $1-$5 and we had to use our babysitting money to fund the rest). I'm unfortunately in NJ divorce seems to kick in for the non-custodial parent is required to pay for some portion college. My son was also required to maintain. $100,000 life insurance policy for his son. Not required for a married couple, but surely as stated above!
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Post by peasapie on Apr 29, 2023 1:17:37 GMT
Get a judge to decide. She will be happy she did as the result will be most certainly in her favor.
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