In ideal situations, parents begin saving for their child’s college education shortly after birth, leveraging their combined incomes to create a united front against ever-increasing tuition hikes.
But even though divorces have been on the decline for decades, a significant percentage of marriages in the U.S. will fail. And in those cases, what was once a collective college savings effort can quickly turn bitter.
That’s not to say that co-saving – like co-parenting – isn’t possible after divorce. But it will take work and discussion of a few key points.
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By Andrea Williams for US News and World Report.