Block on Trump's Asylum Ban Upheld by Supreme Court
It's about that time -- your nest is about to get a little emptier. There are a lot of emotions that can bubble up when a child goes off to college, much of it is apprehension and fear for their wellbeing. And while you might be focusing on the physical, emotional, and financial risks (as well as that GPA), there are some legal risks to be aware of as well.
So here are a few legal thoughts to throw on that college packing list before your child heads to campus:
Hope for the best, plan for the worst, as they say. Knowing the kind of legal trouble your new college student can get into is the first step to keeping them out of it.
Hopefully you started this plan years ago, but don't worry if not. A 529 plan is a great way to save for future college expenses, and can come in the form of college savings accounts and prepaid tuition plans.
Many couples put off divorce for the sake of their children. Do you need to delay it for the sake of your child's financial aid package?
Many parents believe their financial obligations to their children end when the child turns 18. But this might not always be the case. So are you or your ex paying for tuition, room, and board?
It's inevitable -- your son or daughter will run out of cash and come calling for money. (In our experience, that first call comes about week three.) So is a credit card, with all the interest but with all the purchase information as well, the better way to go?
Jealous your child might graduate with a degree of questionable value yet crippling school loan debt? Have we got news for you. You can now share some of that debt load with your child. Think of it as a final bonding experience. (That is, until the move back in after graduation.)