SederLaw
WORCESTER 508-471-3018
Metro West 508-709-0024

Divorce can affect college application process

The dissolution of a marriage in Massachusetts can understandably be emotionally and financially tough to navigate. This is true for any parent going through divorce, but it is also the case for any children experiencing it. A particular area that may be impacted by divorce is the eligibility of a child for financial aid.

The challenge that many divorced families face is that various colleges and universities approach divorced parents' assets and incomes differently when it comes to addressing financial aid. For instance, some colleges will consider the assets and income of the parent who has custody of the college-bound child but not that of the non-custodial parent. Meanwhile, other colleges consider both parents' assets and incomes.

Because increased income and assets will boost a family's expected family contribution, it is critical for parents to plan ahead prior to applying to colleges. Some colleges require a college-bound student to complete the Free Application for Federal Student Aid (FAFSA), in which case, only the custodial parent's asset and income information should be included. This will make the child eligible for more financial aid based on need if the parent who has custody of him or her has the lower income between the two parents.

Divorce is complicated no matter what stage of life the divorcing individuals may be in. However, having a child who is getting ready to head to college can make the divorce process that much trickier. An attorney can provide the guidance needed to make informed financial decisions during the dissolution of a marriage in Massachusetts.

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

An Impressive Track Record
Of Achievement In The Law

SederLaw

Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions