1. Marriage is better for your finances.

According to the Journal of Family Issues, which conducted an ongoing analysis of student financial aid statistics, divorced parents usually contribute less toward their children’s college costs, as opposed to parents who are still married. The study reports that a student whose parents are divorced will end up paying about 58% of all of his or her own college expenses. If the student’s parents are remarried to new spouses, the student will pay about 47%. However, if a student’s parents are married and living together, the percentage drops to a mere 23% of college expenses.

Although these statistics could be attributed to the depletion of parental wealth as the direct result of a divorce, the study also shows that individual parents who remarry and increase their household income still only cover a small portion of their children’s college costs.

Contact us to talk with a Charlotte divorce lawyer.

Contact Information