Can both divorced parents apply for parent PLUS loan?

Can both divorced parents apply for parent PLUS loan?

If the student’s parents are divorced, both the custodial parent and the noncustodial parent are eligible to borrow from the PLUS loan program, provided that the combined amounts borrowed do not exceed the cost-of-attendance minus aid received cap.

Can I sue my parents for not paying for college?

No. Parents have no legal duty to see that a child gets any education beyond the legal minimum. They have no legal or moral duty to pay your college tuition or, if you’re past the maximum age for child support, any duty to support you in any way.

Is a parent legally obligated to pay for college?

Are parents legally obligated to pay for college? That means parents have no legal obligation to pay for their child’s college education — with one exception. If the parents are divorced and the divorce agreement includes paying college costs, one or both parents are legally obligated to pay for college.

Should I give my 18 year old money?

Experts recommend that parents give their children monetary gifts while they’re alive, rather than leaving everything in a will. This helps adult children when they need it most, and it can reduce inheritance taxes when a parent dies.

Can I gift my son 100000?

Some 68% of Canadians are unsure of the tax rules regarding financial gifting. The good news is that you can give as much cash as you want to any person, related or not, without incurring taxes on the gift. Fifty per cent of that capital gain, $100,000, is taxable.”

What is an appropriate allowance for a 17 year old?

Mike Falco, the president of Falco Wealth Management near Philadelphia, recommends as a very rough rule of thumb $1 per week for each year of your child’s life; so a five-year-old would get $5 per week while a 16-year-old would get $16 per week.