Divorced parents who don't have an agreement in place can try to work out an agreement when the child is ready to attend college or take the matter to court. Depending on the laws of their state of residency, a judge will evaluate each parent's education level, available assets and income to determine if one or both parents will contribute.
Talking about finances can be a challenge for any couple, especially those going through a divorce. Still, it's important to discuss your child's education and work out an agreement that makes the best financial sense for your family. Get a head start on hashing out some of these issues during the divorce negotiations so you can plan and save for your child's college education as soon as possible.