Is college cheaper if your parents are divorced?
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Is college cheaper if your parents are divorced?
Generally, the total family contribution from both parents will be slightly less than if the parents were still married, because colleges take into consideration the added cost of maintaining two households. Not every college that uses the CSS Profile requires noncustodial parents to fill out a Profile form, however.
How does college financial aid work with divorced parents?
If your parents are separated or divorced, the custodial parent is responsible for filling out the Free Application for Federal Student Aid (FAFSA). Note, however, that any child support and/or alimony received from the non-custodial parent must be included on the FAFSA.
How do divorced parents split college tuition?
If a student's parents are divorced, both the custodial parent and the noncustodial parent are eligible to borrow from the Parent PLUS loan program, provided that the combined loan amounts do not exceed the cost-of-attendance minus other aid received.
Does parental divorce have an affect on a child’s education?
PARENTAL divorce adversely affects a variety of children's outcomes, including educational attainment (see McLanahan, Tach, and Schneider [2013] for a review). Children whose parents divorce are, on average, less likely to complete high school and attend and complete college.
