Divorce reshapes many aspects of life, including how parents plan for their children’s futures. Divorced parents may face financial challenges when college is on the horizon, especially when juggling separate households and personal financial goals.
Balancing your child’s educational needs with your own stability requires careful financial planning, strategic budgeting, and a willingness to collaborate with your co-parent. Whether you are revisiting your divorce agreement or starting from the beginning, an experienced Illinois family law attorney can help you navigate college expenses without derailing your post-divorce financial plans.
What Are My Legal Obligations Under Illinois Law?
The Illinois Marriage and Dissolution of Marriage Act (IMDMA) can require divorced parents to contribute to their child’s college expenses. Courts might order parents to share costs such as tuition, room and board, books, and even medical expenses while the child attends college. These contributions are typically determined based on each parent’s financial situation, the cost of attendance, and the child’s academic performance.