Parents Facing A Divorce Grapple With College Costs For Their Child
On September 5th, we posted a blog article about the necessity to be clear and precise in your divorce or dissolution documents if you chose to include a college expense provision. Â Truthfully, since my two sons have already graduated from college, I have not paid close attention to these escalating costs.
I recently saw a very interesting article in the online version of the Dayton Daily News addressing the increasing cost of a college education throughout Ohio and particularly the increasing costs of the room and board portion. Â That article also referred to a very interesting chart from the U.S. Department of Education (which I have a link to below) showing a breakdown of the present room, board and tuition costs at most Ohio college and universities. Â Those costs are staggering! Nearly every college or university in Ohio saw an increase in room and board rates of nearly 30% between 2002 and 2015.
Having handled divorce cases for over 34 years, I see parents fighting over some petty and nominal costs yet agreeing to divide future college educational expenses with very little consideration. Â Did you know that the total … Read More... “Divorce: College Costs – A Ticking Time Bomb?”