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Children Of Divorce Pay More For College

Children of divorced or remarried parents are likely to pay a higher percentage of their own college costs.

It's the conclusion of a new study published in the Journal Of Family Issues. Here's the breakdown:

Children of married parents pay about 23% of their college expenses.

Children of remarried parents pay about 47% of their college expenses.

Children of divorced but not remarried parents pay about 58% of their college expenses.

So the worst-case scenario for incoming college students is having divorced parents who haven't walked down the aisle a second time. Children of married parents, meanwhile, are the least likely to pay their own way through college. No one said life is fair.

Not only are children of divorce more likely to pay their own way through college, they'll also pay a price when it's time to enter the job market. That's because children of divorce are less likely to complete their college degrees, which in turn directly impacts the types of jobs that could be available to them. Second, the children of divorce who do graduate eventually (it takes them longer to finish their degrees because they're paying their own way) will leave college with higher levels of student debt, which impacts their future ability to put a down payment on a first house, buy a new car or give friends and family nice Christmas presents.

So if you're divorced and your child buys you something from the clearance rack for Christmas, you'll know why.


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