Reply to S/O What makes this fair

Forum Index » Family Relationships

Reply to "S/O What makes this fair"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]One of 3 siblings offers to pay private school tuition for a 6th grade nephew due to specific circumstances.  Nephew applies to a variety of schools and the cheapest option, after financial aid, is one that would otherwise be one of the most expensive.  His parent enroll him and aunt pays the $10K that’s left each year of the $50K tuition.

The third sibling has 3 younger kids.  His income is a lot lower than sibling 1, but solidly upper middle class, and much better off than sibling 2. Family has made choices like a large house in an expensive area (with great public schools) that would make it impossible for them to pay 3 tuitions at the kind of school the other cousin attends.

Sibling 1 intends to be “fair”.  While they initially made the offer due to specific needs for a specific child, they want to treat all evenly.  They offer sibling $10K (will adjust for inflation) per kid per year for middle school and high school.  Sibling 3 and spouse don’t feel that’s fair.  They feel as though if one cousin gets a $50K education their kids should too.  They also feel that  limiting it to 6th and up is unfair as well.

What do other people think?[/quote]

That’s fair.
$10k per niece or nephew per year for educational or extracurricular endeavors.

That is awesome! And a lot of money they are gifting out a year.

Can use it for camps, sports, private school, study abroads or school trips, gear required, etc.

Is this an American family and everyone is based in America or is there some cost arbitrage at play? Like how our nanny pays for everyone’s private school in Peru.

What would not be fair would be paying for whatever you choose no matter what the cost. Manhattan schools cost $70k, DC ones $40k and Florida ones $25k. Parochial schools cost $10k. Scholarships take time and effort to apply.

Splitting the costs and getting some alignment and skin in the game via scholarships (gpa dependent usually, or financial need) or copayments is how we help family members too.

[/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