PARENTAL RIGHTS AND RESPONSIBILITIES
461-A:21 Agreement on College Expenses.
Parents may agree to contribute to their child's college expenses or other educational expenses beyond the completion of high school as part of a stipulated decree, signed by both parents and approved by the court. The agreed-on contribution may be made by one or both parents. The agreement may provide for contributions to an account to save for college, for the use of an asset, or for payment of educational expenses as incurred. Any such agreement shall specify the amount of the contribution, a percentage, or a formula to determine the amount of the contribution.
Source. 2013, 154:2, eff. Aug. 27, 2013.