Using the SUNY (State University of New York) Cap to Determine Higher Education Contributions

Oftentimes, parents seeking to contribute to their child’s higher education are unaware of how child support may be impacted. In New York State, child support is based on a pro-rata (fewer deductions) share of parental income for the first $80,000 of combined income. Once you have the pro-rata share, the state applies a statutory percentage of income as follows:

Continue reading “Using the SUNY (State University of New York) Cap to Determine Higher Education Contributions”