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With college expenses going through the roof, divorcing parties are finding it harder to assemble their resources, which are only diminishing in light of the current economy. Statutory and case law throughout the nation should be reviewed to try to solve particular problems because this issue is going to be heavily litigated.
Also, many people thought they had invested sufficiently to take care of college expenses, but diminution in their net worth in this economy has required reassessment of these plans. Moreover, those who entered into agreements some time ago, figuring they would be able to pay for college through employment, perhaps can no longer afford to do so. As a result, a variety of procedural and substantive issues may arise in these cases. A review of the some of the case law in various states can be instructive.
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