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College Expenses and Child Support in Kentucky

man uses a calculator to calculate how much money he will need for college

Divorce is an emotional journey that can be filled with numerous challenges. Among these difficulties, parents often feel a significant responsibility to secure their children’s educational future. The uncertainty surrounding financing their college education can further increase stress for parents navigating separation. As a result, a common question that frequently arises during this trying period is: Who will take on the financial responsibility for college expenses? 

In the following guide, we will explore this important issue, offering insights and clarity to help you understand your potential obligations and options as you concentrate on what truly matters—your children’s well-being and bright futures.

Who Pays for College When Couples Get Divorced?

Many states do not legally require divorced parents to fund their children’s higher education after a divorce settlement. This lack of a universal requirement can lead to varying interpretations of financial responsibility depending on state laws. 

For instance, in Kentucky, the statutes do not explicitly compel divorced parents to cover their children’s college tuition or related expenses. Expenses related to college—like tuition, fees, books, and living costs—are typically not part of the standard child support obligations for parents. However, it’s important to note that parents can agree to obligate themselves for college expenses of their children.  In doing so, the parties must consider whether they have the financial ability to pay the college expenses regardless of whether they are earning income.  Once a party obligates themselves to pay for college costs, they must do so or can be found in contempt of court.  It does not matter if a person lost their job, became ill, etc.  Once a person obligates themselves, they are stuck with it. 

What Options Do You Have When It Comes To College Expenses Following a Divorce?

Dealing with the financial impact of college costs is an important yet often difficult part of a divorce. Since education expenses can be considerable, it’s crucial to tackle this issue with well-defined strategies to reduce conflict and guarantee that your children’s educational requirements are fulfilled. Below are various methods parents can consider to manage college expenses and prevent extra financial burdens following a divorce:

Consider Creating a Savings Fund for College

Creating a college savings fund is an excellent strategy for preparing for future education costs. Parents can set aside a specific amount of money on a regular basis or create a 529 plan—a tax-advantaged savings plan designed specifically for education expenses. 

Come To an Agreement

Man saves coins for college

A voluntary agreement between both parents can lay the groundwork for a collaborative approach to funding college. This agreement should clearly outline each parent’s contributions, specifying what expenses will be covered. Common costs to consider include:

  • Tuition fees
  • Room and board
  • Textbooks
  • Supplies
  • Miscellaneous fees such as application costs or transportation. 

Look into Financial Aid and Scholarships

Depending on financial circumstances and custodial arrangements, pursuing financial aid can greatly reduce college expenses. Various forms of financial assistance are available, including federal and state grants, work-study opportunities, and student loans. Additionally, numerous private organizations and universities offer scholarships based on academic merit, financial need, or specific talents. 

To Learn More About Child Support Following a Divorce, Contact Hoffman Walker & Knauf 

By proactively addressing college expenses and exploring these options, divorced parents can work together to create a solid foundation for their children’s higher education. For additional information regarding child support in Kentucky, contact Hoffman Walker & Knauf today to speak with our team.