Translate Parents Divorce In Student Loan Debt?

A study by researchers at Rice University and the University of Wisconsin and published in the December 2010 Journal of Family Issues found that college students whose parents are divorced and remarried receiving less financial support from their parents than students who remain married to each other.

The study, which surveyed 2,400 undergraduates dependent, finds that students whose parents are divorced and remarried should pay more of their own college expenses, and may require more student loans and / or income individuals to remain in school.

The researchers found that divorced parents to participate in only about a third of what the married parents to promote children's college expenses. Parents who are divorced and remarried affects about half of what the parents, whose marriage has remained intact to give college kids. Although the decline was reflected in family income of students between the research groups were similar.

Married parents contributed about 8 percent of their annual income to their age students and met more than three quarters of their students with financial need, either through income, savings, loans from parents or otherwise.

Divorced parents contributed about 6 percent of their income for college expenses of their children, but met only 42 percent of the financial needs of their students. parents remarried contributed about 5 percent of their income and met 53 percent of college costs for students.

The study also examined the effect of the divorce settlement that invite parents to participate in the tuition fees adult children. Based on their analysis, the researchers conclude that students who come from countries where this type of divorce settlement are not eligible for significantly increased the potential for support when they reach the age of majority.

financial contribution of the small family may or may not lead to further educational assistance in the form of donations to a school, according to family financial circumstances. Families with more than one child at school or with parents who return to school at the same time that their children can receive more financial assistance as needed, but often, this additional aid based on need arises in the form of loans.

Most colleges and universities expect a divorced parent to contribute to college expenses of children. If a divorced parent does not help that the school expects the student fails to make a difference, either by borrowing more money on college loans, find scholarships, or take full-time job or part time, while school.

Another caveat: some schools may refuse to provide assistance to students who do not have information on the income of both parents regardless of marital status of their parents. When divorced parents do not cooperate or disclose financial information for the purpose of your financial aid, the student may be on the short end of the key financial support.

Other schools include loans in the main package of financial assistance for students, with or without one or both parents agree or are willing to take loans for parents. Families are not required to accept loans from parents as part of its program of financial assistance, but refused a parent loan means that students will find that money elsewhere: The student may be left with a debt burden students smarter or are left to generate more income by working full-time staff or part to cover the difference.

The study's authors say their findings should encourage students to college bound parents divorced and remarried to assess their financial situation carefully, because research shows that the cost of attending college is clearly shifted to students when parents are divorced and remarried.

The authors warn that these students whose parents are divorced or remarried school can be a disadvantage when they take a larger share of the burden of financing their own training, forced to spend more time trying to find scholarships, loan guarantee to students and accepts a job request to school with less time to concentrate on their studies.