NCP income

sybbie719
Sat, 26 Jul 2014 15:33:37 +0000

It sounds like you live in Texas. Las year the child support cap was raised from 1500/ month to 1710/month for one child. You are very fortunate that you have some excellent in-state options.

I agree with thumper, if your ex is entrenched in his position that he is not paying for college and in some states he does not have to when support ends at 18; be proactive now divert those funds in to a college fund, 529 plan to start saving for college. $1500 x12 months x 6 years = 108,000 (by the end of your D’s senior year) for you to help pay for your daughter’s college. this could make a big dent even if she attends one the state flagship schools (if she get merit or a full tuition scholarship, then you would be set to fully cover the cost of her attending college).

You and he are first in line when it comes to paying for college. For schools that use the CSS profile/NCP or their own documents, if he refuses to give his information (remember giving his information does not obligate him to pay), your child will not receive any financial aid from these schools. While he is not obligated to pay, if you have no way to make up what he should pay, the school is not a financially feasible option for your child.

If it means that you have to retrain to upgrade your skills by going back to college, change jobs or work 2 jobs, you should entertain to learning how to support your child on your income alone. If you have a really low EFC, the only federal aid you are guaranteed is small grant and a 5500 loan. Failure to plan, is planning to fail. Start working your plan, to ensure that you are in a position to to help finance college for your daughter.

all the best