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Reply to "S/o another finances & step parent Q"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No, it's not fair for you to expect him to contribute to your daughter's college education to the presumably harm of his own kids. What IS fair is for you to calibrate your contribution to joint expenses based on your financial responsibility to your daughter. E.g., you shouldn't be pushed into spending more on your joint expenses when you have to save for your daughter and your own retirement. At a minimum, if you have no ownership of the house, I wouldn't expect you to invest in any of [b]the repair/ownership costs unless you're going to get some equity.[/b] [/quote] Then she should pay rent. She can't expect to live there for free.[/quote] Why should she pay rent? She's presumably forgoing the opportunity to buy her own real estate by living at his house. I'm ok with her paying a share of their joint housing costs, but ONLY if she gets an equity interest. [/quote] Then, she should save that money for college. [/quote] OP here. This is what I’m doing but it’s not going to be enough to cover private tuition.[/quote] Don't worry about private tuition. Have her concentrate on schools that meet your budget. There are plenty out there. If she has the grades, she can get a merit based scholarship at a private that brings it close to in state. Have the conversation with her so she knows her options. [/quote]
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