Reply to What did you do about ‘fairness’ if one child’s education costs a lot more than the other’s?

Forum Index » 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?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I think in this case it's fair, but if one child got significant scholarship or a full ride, I would give them the cash for a down payment after they graduate and establish a career. [/quote]

I think this is well-intentioned but not necessarily the right move based on my experience.  As the only kid (of three) who got a full ride to college, I would have loved a stack of cash upon graduation for my efforts but the reality is that now, twenty years later, the same innate advantages that got me a full ride have meant that over time (and consistently), I'm the kid who needs the least ongoing financial support.  My brother and sister both need semi-frequent financial support and if my parents had given me $40k to get a condo or something that would be less for them and less for the general "good of the family" including grandkids.  And the reality is, that would mean that I would be the one getting calls for financial support, and it could (hopefully wouldn't, but let's be honest) strain my relationship with my siblings and nephews.

If one of my kids got a full ride, I would definitely think about allocating some surplus college savings for down payments or weddings or whatever other fully-discretionary parental support option on the table, but still divided equally.[/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