Tough question

cptofthehouse
Tue, 02 Apr 2019 23:01:09 +0000

Gah! Twins make it difficult. I’ve had different standards and choices for my various kids but with the age gaps, it wasn’t like waving a flag announcing them. Not on the table at the same time.

There is no right or wrong way to handle this. No good or bad answer, as it’s something that has to be done, given your personal situation and the characters involved.

On paper, IMO, without the above knowledge, the fair thing to do is to come up with what you are willing and able to pay. You don’t say what that figure is. You may not know what that figure is. Say it’s $50K a year, after tightening the budget and taking out loans that you feel you can handle and whatever savings you have for their college. Each girl gets $25K a year, and they have to come up with the funds to to whatever school they choose. If it’s State U at $15K total, then that’s $10K a year in pocket, or $40K as a graduation gift. If it’s Purdue for the one, she has to come up with $45K-$25K=$20K each year. If she can’t, it’s not a choice.

When we discussed college costs for my youngest, his siblings had all graduated from college, They guaranteed $15K a year among them which covered on campus room and board, books at that time. that, along with what he had saved, part time work, summer job and possible Direct Loans, it was very doable A great summer internship and room/board, an inheritance, an uncle pitching in made the final cost much lower than expected So sometimes out if the immediate box ideas and sources can be tapped