Should a property settlement agreement contain terms about who should pay for college?
Absolutely, no person with children should get divorced unless a property settlement agreement or a judgment of divorce contains terms that delineate each parent’s obligation to contribute to the children’s college costs. The clause that I incorporate into my property settlement agreements is as follows: Contribution to College Clause Post-Secondary Education. The parties agree that they desire to see the children attend college, a university, vocational school or other post-secondary education. The parties agree they will cooperate in the selection of secondary education. The school based on the children’s capabilities, opportunities, the children’s desires and the parents’ income and assets and respective financial ability to pay at that time. The children shall be required to use their best efforts to apply for grants, loans and scholarships to which they may qualify. The balance of the expenses associated with the post-secondary education, including the cost of tuition, room and bo
Absolutely, no person with children should get divorced unless a property settlement agreement or a judgment of divorce contains terms that delineate each parent’s obligation to contribute to the children’s college costs. The clause that I incorporate into my property settlement agreements is as follows: Contribution to College Clause Post-Secondary Education. The parties agree that they desire to see the children attend college, a university, vocational school or other post-secondary education. The parties agree they will cooperate in the selection of secondary education. The school based on the children’s capabilities, opportunities, the children’s desires and the parents’ income and assets and respective financial ability to pay at that time. The children shall be required to use their best efforts to apply for grants, loans and scholarships to which they may qualify. The balance of the expenses associated with the post-secondary education, including the cost of tuition, room and bo
