An AskMetafilter user has questions about saving for college education:
I have two kids (4 and 5), and I don’t think I’m going to set up college funds for them. I nor my brother had any support from family through college, and we both made it though (grants, loans, scholarships, jobs!). I’m just interested in other people’s experiences and whether people think that if a college fund can be set up it should. At this point, I think it’s more character building and teaches children about ‘real-life’ more to have to do it themselves. Don’t get me wrong, I love my children and will always be there for them, but I just don’t think giving them 100K to go college when they turn 18 is the best way, or is it?
If you have the option to invest in a college fund now, the yields could be substantial thirteen years down the road. Surely it’s possible to encourage thrift and resourcefulness in children while simultaneously providing support.