Divorce: College Costs – A Ticking Time Bomb?

Parents Facing A Divorce Grapple With College Costs For Their Child

divorce college ohioOn 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.  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.  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.  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.  Did you know that the total … Read More... “Divorce: College Costs – A Ticking Time Bomb?”