I have two children who are or will be studying soon (university). One of them will study a high-cost, high-outcome subject, while the other is not interested in going very far.
I have a budget for any reasonable school but will end up with the question: equality or equity? (roughly speaking)
- Equality: I give them both the planned budget, and they use it as they want (the 1st kid's school costs would set the actual amount)
- Equity: this is money for school, so they get their school expenses covered.
I am looking for actual experiences from people who had such a situation, the way they chose, and how it ended up in terms of future relationships.
Please note that I am in France — we do not really use work and money as strong values. Our children are usually not expected to work to "learn the value of money", etc. This is general view, YMMV of course. Whether this is good or not is irrelevant, I am just mentioning it to set a cultural context.