Considering "Fairness" When Paying Sibling College Costs

MotherOfDragons
Mon, 16 May 2016 19:03:09 +0000

This may change once they’re actually in college, but our thinking is along the lines of we have X dollars saved for the two of them.

If kid #1 gets a full ride because of all her hard work and doesn’t cost us a thing out of pocket for undergrad, she’ll get 1/2X for either grad school or as a gift from us upon graduation.

If kid #2 gets no scholarships, she still gets 1/2X, and then since we don’t believe in loans, she’ll have to pick a college that costs that amount + whatever loan she’s allowed to take out. (I want to say $5500).