The Impact of Divorce on College Students

Here’s some more evidence of how divorce is utterly devastating to one’s financial life – and the financial lives of one’s family.

According to a study published in the December Journal of Family Issues, the financial burden of college falls more heavily on students with divorced parents or remarried parents than on students with parents who have remained married to each other.

The researchers from Rice University and the University of Wisconsin found that divorced parents contributed about a third of what married parents contributed to their children’s education, though their incomes are about half as much as those of parents who have stayed married. Remarried parents, meanwhile, contributed about half of what married parents contributed, though their incomes are similar to those of parents have stayed married.

via The Impact of Divorce on College Students - NYTimes.com.