A child wants to go to university away from home. They are responsible for 1/3 of the cost. Do you calculate the cost after bursaries etc then the remaining cost is divided up between the two parents and the child? Example: $3000 in bursaries reduces $15000 (residence/meal plans) and tuition to $10000 then split to $3300 each? I know I've low balled the amount but basically is that the way it works? I've read a few cases on Canli and that seems to be what 1/3 refers to. Just asking for those experienced and in the know.
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