SPARC Forums
Main Forums => Dear Socrateaser => Topic started by: backwardsbike on Aug 24, 2006, 06:30:16 PM
Hi Soc,
All parties in PA. Custody and CS order also in PA.
I am a returning adult student adn will be attending graduate school. i have been awarded several thousand dollars in student loans. I wanted to use some of the money to pay off some credit card debt which I have accrued.
Questions:
If I accept the loan monies will it be considered income for child support purposes?
If the above is yes, would I have to pay support on the money even though I had to pay it out almost immediately to keep from going bankrupt?
>Questions:
>
>If I accept the loan monies will it be considered income for
>child support purposes?
A loan is not income. A grant/scholarship is income.
>If the above is yes, would I have to pay support on the money
>even though I had to pay it out almost immediately to keep
>from going bankrupt?
irrelevant.
What a releif! You Rock, Soc. Thanks!