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College and University Discussion
Reply to "What did you do about ‘fairness’ if one child’s education costs a lot more than the other’s?"
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[quote=Anonymous]We’ve offered both kids the same amount towards college and we only offered an amount that we could afford for both. Otherwise we would have been in a situation where the one sibling’s decision would impact the other which I don’t think is fair. The kids know they don’t get a car or any immediate incentive if they don’t use the full amount that we are willing to contribute. They can use the remainder of any 529 plan to go towards grad school or a down payment for a home. I also have spreadsheet when they are making the college decision and we talk about costs for all four years, what their expected contribution would be, and the loans, and the payback of loans for those options. Since anything other than in-state our OOS public with incredible merit will mean some level of loans and sacrifice for our kids, they have to own the financial trade-offs of where they decide to attend college.[/quote]
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