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Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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If you are a 'planner' consider other options...
1) it is MUCH cheaper for the KIDS to get the money for their EDU, (and good training for future) Often ZERO interest while in school (sometimes 'deferred interest')
2) you can always pay off their loans from your 'aged' ROTH contributions
3) ANYTHING (assets / savings plan) designated for EDU will be FULLY considered as available 'family / student contribution' (FAFSA)
4) As soon as kids can qualify for Earned income... Help them fund a ROTH (I matched the equivalent of my kids earnings from age 12 (thus they had 30k + in ROTH by college and FAFSA didn't count their IRA's as available contribution.)
5) get them into roles / volunteer situations that can led to EDU assistance.
6) Teach them to invest and trade equities (during JR High and High School)
7) Hopefully your state has a College instead of High School option (HI and WA offer FREE FT college instead of HS (if student passes college entrance exam in Jr High / early HS (very EZ)).
8) they may not do school / go internationally,.
9) They may elect to go the military direction
10) Their employer may pay for college.
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