Now more than ever, going to college is a financial investment that spans a lifetime. Students who take out loans to finance a college education may be paying those loans back for decades afterward. And for students whose parents can afford to foot the bill for a college education, saving may have started at birth.
Unfortunately, parental divorce can significantly complicate plans to save for college. If you are experiencing divorce and have minor children at home, you may be wondering how the divorce will impact a college savings fund or plan. The good news is that continuing to save for your child's college education is possible if you pay attention to some important details.