My divorce decree states that my ex, my son and myself each pay for a 1/3 of his college. My son is finishing the 2nd year of community coll...

Question

My divorce decree states that my ex, my son and myself each pay for a 1/3 of his college. My son is finishing the 2nd year of community college and is 20 years old. He had a scholarship for the 1st year tuition and I paid for a 1/3 of his housing (associated costs). I cashed in a terrible life insuarance policy for him which covered his 2nd year tuition. I am still paying a 1/3 of his housing. He will be transfering to a 4 year state college this fall. What are the ramifications if I am not able to pay for my 1/3?

Answer

I think what you'll need to do is to seek a modification of the post secondary education subsidy if you can't pay for it.