College Room and Board Credit for Child Support Payor
Please see the attached post from Fabienne Swarz of Financially-Strong.com. New York law currently permits a child support payor to deduct from child support those sums paid to a college for the student’s room and board. Ms. Swarz reveals how this credit results in an unfair burden to the custodial parent to fund that child’s living expenses and how it effects the custodial parent’s ability to maintain the home, both for the student at college and any other children living in the home. She also makes a suggestion that room and board at college be shared pro rata, rather than a dollar for dollar credit. This is an interesting concept to consider for matrimonial agreements, in order to ensure fairness and the best interests of the children, who will need a home to return to on school breaks.
New York’s Dollar-For-Dollar Room and Board Credit for College Students