Skip to main content

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.

Comments

Popular posts from this blog

Seven tips for dealing with a jealous coworker

Look at you, doing so well at work! We're so happy for you. Well, most of us are happy for you and refuse to spend the entire work day talking behind your back. Let's talk about how to handle our jealous co-workers!Like every other professional, you've no doubt experienced your share of failures and successes. Lately, however, things seem to be going your way at work. And how! Perhaps you've managed to ace an important project this quarter, been instrumental in landing a huge client, earned some well-deserved rewards for this and that, or -- egads! -- been given a slight promotion or additional work responsibilities (e.g., the work responsibilities you actually want).You're quietly chuffed, but somehow your co-workers seem none too pleased with this rapid turn of events. Oh no, what should you do now?It's a workplace tale older than the disjointed last season of Mad Men. The playing field in the department was even, cozy and overall very friendly -- until so-an…

Employees Blame Technology For Slowing Them Down At Work

Do you feel like you're always working, but never getting very much done? If so, you're not alone. Too much technology, and too much red tape, keep slowing us down at work. But technology, and more of it, is supposed to make our lives easier! Too much technology, however, does not compute for employees. A new SAP/Knowledge@Wharton survey of almost 700 corporate employees finds a full 60% of respondents blame technology "for inhibiting their ability to meet strategic goals." Gee, anyone who has ever used the self-checkout line at the grocery store can tell you that. However, 40% surveyed said that looking for ways to simplify the technology has been "a low priority" for their company. Too much paperwork is an on-going problem for the workplace, too. A new ServiceNow survey of nearly 1,000 managers finds that 90% are doing too much administrative work, no matter the size of the company. This paperwork includes filling out forms, writing status updates, …

Is Your Co-worker Always Late For Work?

You've started the workday, but where is your co-worker? Oh, she's running late again, just like yesterday. And the day before. And the day before that. Let's get an early start on solving her tardiness problem, shall we? Working with someone who is consistently late is one of the most annoying aspects of office life, and also one of the most common, unfortunately. It's a universal theme of the workplace that everyone will get to work on time (give or take a few minutes...) except for the employee who is egregiously late nearly every day. And the excuses can get pretty amazing. Employees became more punctual as the Great Recession lingered, at least according to surveys. Everyone, that is, except for your able-bodied but habitually-tardy co-worker. It's bad enough dealing with tardiness when you're a manager, but it can be even more frustrating when you're a rank-and-file peer without any magical "shape up or ship out" managerial powers. So you…