In general, financially capable divorced parents in New Jersey have a legal obligation to contribute to college costs for their children.
By the same token, decisions about where your child will attend college requires planning and discussion. Particularly if your child is in high school, you don’t want to find yourself scrambling during the final negotiations of your divorce agreement to come up with how to select and pay for colleges.
I help you remain in control of making these key decisions for your children by reaching agreements with your spouse, saving you the time and money of deferring such decisions to the court process while maximizing financial aid for your child. For example, one solution is to allocate the child dependency exemption to the lower-earning parent in the year on which financial aid will be based.
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