Does A Person Have To Pay For The College Costs For Their Child?
The courts have viewed education as a necessity. The recent trend in New Jersey has been to require parents to pay for the college costs for their children.
When a court makes a decision as to whether or not to require a parent to pay for a child’s college education and related expenses, the Court must consider the complete set of facts of each case. The Court will analyze the following factors to assess if a parent should pay for a child’s college costs:
- The effect of the background, values and goals of the parent on the reasonableness of the expectation of the child for higher education;
- The amount of contribution sought by the child for the cost of the higher education;
- The ability of the parent to pay that cost;
- The relationship of the requested contribution to the kind of school or course of study sought by the child;
- The financial resources of both parties;
- The commitment to and aptitude of the child for the requested education;
- The financial resources of the child, including assets held individually or in custodianship or trust.
- The capability of the child to earn income during the school year or on vacation;
- The child’s relationship to the paying parent, including mutual affection and shared goals as well as responsiveness to parental advice and guidance;
- The relationship of education requested to any prior training and to the overall long range goals of the child.
There is no requirement for a parent to pay for graduate school expenses.
For more information on Paying for the Children’s College Costs In NJ, a personalized case evaluation is your next best step. Get the information and legal answers you are seeking by calling (732) 733-2830 today.