Who Pays for the Children’s College?
Answer: The parties are free to negotiate this to their mutual acceptance. However, if they do not address this in their marital settlement agreement, the law requires both parents and the college or trade school student to contribute a percentage that is commensurate with their individual wealth, income, and financial wherewithal. The court often requires the student to exhaust his or her loan possibilities.
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Richard and Kari are staunch advocates of the non-court approach to divorce, and are also active and seasoned litigators with over 60 years of combined trial experience in the Illinois divorce courts of Cook, DuPage, and Will counties.