AMG-
I am curious what you may think of this.
My father's father, my grandad, worked hard so that his son, my father, could atleast start college. My father started college on his dad's nickel and then paid off the rest himself, working odd jobs and hitch hiking to and from College Station. Now he has saved up enough to pay for all of my schooling and my sister's. In return, I have promised to save up enough money to send my kids through school. And hopefully they will promise me to save enough money to put their kids through school. We are creating a cycle in which our children and our children's children will not have to worry about funding for their college education should they choose to go, no matter how many times they choose to go. The money is not "better used" in "retirement" or "investments" as you suggest. It is best used to insure that our offspring don't experience the hardships that my father and grandfather experienced. If they choose not to go to college, then, yes, they are on their own, but as long as my children are going to school, any shape or form, I will support them financially. God willing.