Chicago Parents Give Up Child Custody for Hopes of Help with College Tuition for Children

Many Chicago parents would give an arm and a leg for their child to go to a good college or university after high school. With hopes and dreams for their child to succeed and get a job as a doctor, lawyer, or whatever job their dreams lead them to, indeed, many Chicago parents would mortgage their homes, max out credit cards, and go into debt if their child needed money for tuition. However, a new “scheme” has been trending, with tuition rates and cost of living for college students, as well as everybody, across the country. This scheme involves parents giving up child custody of their nearing-college-age children so that they might benefit from financial aid packages. But what is this trend and where can individuals in Chicago turn if they have questions about child custody? We answer those questions in this short article.

Giving Up Child Custody for Student Loans

At the outset, it is important for Chicago parents to understand that there are two types of child custody, physical custody and legal custody. Physical child custody refers to who the child will live with. On the other hand, legal custody refers to who makes important life decisions on behalf of the child, such as educational, religious, and medical decisions. According to reports, around 40 parents in the Chicago and greater Illinois area have filed petitions to relinquish child custody of their soon-to-be-college-age children, in the hopes that their children may benefit from financial programs that favor those with lower income sources. Of the scheme, the reports note that, “During the child’s junior or senior year of high school, parents are putting their kids under the supervision of a friend, aunt, cousin, or grandparent. The guardianship status then allows the students to declare themselves financially dependent on their families so they can qualify for federal, state and university aid.” While some wrestle with the “moral” implications of using child custody laws to help increase a child’s chance of receiving financial aid, others wonder if the “scheme” is even legal. Of course, before initiating any kind of child custody proceedings in Chicago, it is always best to speak with an experienced Chicago child custody lawyer about your rights and options under Chicago child custody laws.

Legal Help with Child Custody in Chicago

If you are in the Chicago area and you need legal help with your child custody case, contact the experienced Chicago child custody lawyers at the law firm Arnoux Sharma Standeford, LLC. The experienced Chicago child custody lawyers at Arnoux Sharma Standeford, LLC help Chicago parents navigate difficult and complex Illinois child custody laws to help Chicago parents with one of the most important and valuable issues in their lives. If you need legal assistance with your child custody case do not hesitate to call an experienced lawyer today. Contact Arnoux Sharma Standeford, LLC and speak to a lawyer about your case now.

Source:

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