Reply to college children and money

Forum Index » Adult Children

Reply to "college children and money"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]My DS #1 attends USC at 90K/yr (full pay) and DS #2 attends UCLA on an athletic scholarship as a recruited athlete.  Each son has 350K in education fund for undergrad and 200K for grad school.  DS #2 feels that because he works hard to get the athletic scholarship, he is entitled to the 350K after graduation, and he wants me to aggressively invest his 350K so that he will have a lot of more than 350K upon graduation.  DW wants to split that 350K between two boys and DS #2 is not happy with that and it is causing turmoil between DS #2 and DW.  They haven't talked to each other in almost three months.  I happen to agree with DS #2 because they both should be treated the same way.  Not sure how I am going to resolve this.    Thoughts?[/quote]

To be fair, USC kid could've picked a lower ranking free merit ride somewhere and pocketed his money as well. However, only reason he isn't getting free need based aid at USC is because of money family has so can't hold it against him. I say divide equally. [/quote]

This. And it's not your DS1's fault that music scholarships are pretty rare and skimpy. You need to stop looking at the scholarship as the direct result of hard work. There are too many extrinsic factors and disparities.

And btw it's your DS2 and his entitled attitude that's causing turmoil. Not your wife's reasonable decision about what is ultimately THE PARENTS' MONEY AND NOT THE CHILDREN'S MONEY.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics