Most parents consider a college education important to their children’s future, but a divorce could negatively impact the college planning process. Especially when financial resources are constrained. Where parents may have planned to pay for an ivy league education, they may now have to consider a state university. By establishing college savings accounts such as 529 plans early in a child’s life, parents would be better prepared in the aftermath of a divorce. This link provides more information on college planning and divorce.
