<p>(note:due to fairly specific info about our situation, I am remaining more anonymous than usual)</p>
<p>I have read a few posts lately where it's suggested that parents should spend fairly equal amounts for their kids' educations, and if one kid chooses a less expensive route that perhaps the "extra" money he or she is saving in tuition could go for extras. I suppose if all this money were sitting in the bank, that might be an option for some.</p>
<p>That's not the case for us. One of our kids lost his/her scholarship, and we made the parental decision to do what we needed to do to help this child graduate. Our second child hasn't lost the scholarship, so is costing us less. I guess a "fairness" solution would be to give the "good" kid more money. We don't have it, and this process doesn't stop at just 2 kids in our house.</p>
<p>Even if we HAD a pile of money in the bank that we had saved up for vast educational expenses, would that ethically require us to give each child an equal amount of money? </p>
<p>I'm uncomfortable with this line of thinking. If kid A participates in an expensive sport, and kid B runs around in the backyard for exercise, do we write a check to kid B to make up this difference?</p>
<p>In our case, kid A is choosing a much less lucrative field that kid B. Kid A will need more financial support getting started in life, while kid B is likely to out-earn us pretty quickly. Do we love kid A more? Obviously not. Will we probably spend more money on kid A? It's certainly looking that way. </p>
<p>We are doing the best we can to help our kids and meet their needs. This may require lifestyle changes on our part, as well as taking on debt. We aren't going to do more of that in the name of equity. </p>
<p>Thought? Comments?</p>