Again, you can also help your kids pay off the college loans, which will be much easier for you 25 years from now, than it is to save money up front. Second th

Again, you can also help your kids pay off the college loans, which will be much easier for you 25 years from now, than it is to save money up front. Second thing is that you need to understand how cost of college works: basically, schools offer a lot of financial aid, but only to those who cannot afford it otherwise. This means that the more you save for your kids college, the higher the bill will be. The schools will ask your kids how much money they have saved, and will adjust the price to extract all of it. The system favors the people who don’t save, and people like you pay the cost. You are literally hamstringing yourself, thinking that it’s for benefit of your kids, but you’re actually benefiting people who don’t plan and live day by day.