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Relationship Discussion (non-explicit)
Reply to "Divorce when kids go to college? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We did this. Both spouses work. Both pay college costs. 529 Plan was already in place. There have been no arguments about this whatsoever. And kids say everyone is happier.[/quote] How large is the difference in parental income? You both make about the same? That would make it relatively easy. When one parent makes 3x or more what the other parent makes, the parent with the lesser income is very likely to argue that the high-earner should pay ALL the college costs and the low-earner should not have to contribute at all, not even 20% or 25% of the costs.[/quote] One spouse makes about double what the other spouse makes but both of us are professionals. I have to admit that having a couple of hundred thousand dollars in the 529 account helped reduce the tension over this issue. The bigger issue was the valuation of the marital home, but we both really wanted to avoid conflict that would upset the young adult children, so we worked it out. [/quote]
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