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Parenting -- Special Concerns
Reply to "Blended Families and College Tuition"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just don't remarry in such a way that your child loses their eligibility for financial aid. If you do, make up the difference to your child. Otherwise your blended family will de-blend.[/quote] I'm dating divorced dads a lot and worry about this. I have a large trust but I don't think it allows me to use the money for a step kid's tuition, but I am worried my assets will screw up financial aid. The kids are only in junior high school. Neither of their parents make or have a ton of money. What's the deal with financial aid and a step parent's assets? [/quote] With this being a HCOL area and salaries being commensurately higher than other areas of the country it is unlikely the children will qualify for financial aid unless the guys you're dating are very low earners or the kids are superstars and get into a place like Harvard that has very generous financial aid criteria.[/quote] Pp here. My current boyfriend only makes around 100k and his ex around 60. They split custody. With just that, I think they would qualify for grants, loans etc no? My trust income can vary depending on the investments, but the terms of the trust are such that I can't stand end it on step kids tuition.[/quote] The kid would be eligible for some aid, then. It doesn't really matter how you do it, as long as the young person does not have to take on additional debt as a result of your choice to marry. That's a horrible thing to do to a person just beginning their adult life.[/quote]
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