While we arn't well off we prepared for our son's education. We started the year he was born.
A lot of today's young people are in hock up to their teeth for their education. They have students loans that some will never repay in their lifetime. My son was at a group discussion on the lab where he works, and where their research is going. After the business was done, things got informal. The topic got around to student loans. Now all these people are graduate students, Sky is the only undergraduate in the group. Everyone of them was telling how much they had borrowed to get their degree. In some cases they were still borrowing to continue their Masters Program. Sky sat there and did not say a thing. He left at the first oppertunity.
Sky came home and told his Mom and I how thankful he was for what we had done for him. We put all his Alaska Permanate Fund Dividends in his college fund. Every time someone gave him money for Christmas or Birthdays, it went into his fund. When he got a summer job, 50 to 75% went into his college fund. His last two summers of high school and first three summers of College, he worked as an Expiditor/Laborer for a big plumbing contractor. The owner paid him $27.00 an hour, with the understanding 75% of his income went in to his college fund. (Hay after spending 8 to 14 hours a day with a bunch of old Plumbers and Carpenters he came away liking Country Western music. Work ethic and money was not all he got out of that job.) Sky hordes that fund, he will not let go of any of that money that he does not have to. The tution for his last two classes came from the job he has working in the lab. So far he has not touched the bulk of his College fund. He graduates in May. He will start on his Master Program in September.
Sky says that college fund is going to be his down payment on his home, once he finishes his education and settles down. Can't find fault with that.