The process of getting divorced can understandably complicate a family's finances, especially when the parents are also in the process of trying to send their children to college. Specifically, it may cause confusion if a student is trying to fill out the FAFSA. Here are some pointers for families trying to simultaneously balance the FAFSA and divorce processes in California.
Divorce later in life and its impact on your financial health
Divorce is going to bring significant financial changes to your life no matter how old you are, but the implications are particularly serious for an older individual. Gray divorce, which typically involves one or two people over the age of 50, is a growing trend. This means it is more common for people closer to retirement age wondering what will happen to their financial security later in life.
