Every year, students graduate from college and university with mounds of student loan debt. With the rising cost of tuition, textbooks, and room and board, this debt can amount to thousands, tens of thousands, and even hundreds of thousands of dollars.

 

A divorce can affect your college-bound teen’s eligibility for financial aid. Whether your divorce works in your child’s favor or not depends on several factors, such as the school your child chooses, the type of financial aid forms the school requires, and, in some cases, home equity.