College fund

We've started saving for our son's education. We probably won't have enough for the entire amount, but it might be good for him to work for part of it himself. I know that when I was in school, it was obvious who was paying their own way, and who was getting a free ride from Mommy and Daddy. The ones that didn't have to pay for it themselves never took anything as seriously. I do want to help my son, and any future children we have, though. It's taking us forever to get my student loans all paid off. We are about to get my first loan paid off from when I went to ONE year of a state university, and I even had scholarships. That was 2001-2002. I went to cosmetology school in 2003, and we will paying on that loan until 2011, for 9 months of education. Kind of crazy, huh? I don't want my kids to have to pay for their education that long. But I do want them to have to pay for part of it so that they take it more seriously.

My son begins college in the fall of this year and we started several funds for him beginning when he was very young. Thankfully, we invested wisely and now have enough money to send him to college. You are required to fill out Fasfa forms (federal) and disclose your income. Depending on what college your daughter goes to, and the income you earn at that time, your daughter will also be eligible for federal aid which includes grants (you don't have to pay back), work/study(a stipend for her to work at college during her free time) and a low-cost subsidized college load which doesn't have to be paid back until after she graduates. There are also scholarships available. We have been using fastweb.com to find applicable scholarships.

Yes, we set up a college fund for our little one. We started as soon as he was born. My husband (a Marine) wants him to join the Marines and get his college education then (for free) and if that happens (which I really don't want him to do that...you know, mom's perspective) then, we will use the money to buy him a car when he graduates or help him set up his own place, etc. Whatever it may be, the money will be for him.

wow! well, i havent got any kid yet but if ever i will have one in the future, i will set aside money for her education, because education is very important... :)

Here in our country, there's some sort of college fund that some insurance companies are giving. You pay premiums and they pay for your child's tuition fee when they reach college. Though I have to say that most of them are having troubles. I think too many people are putting their children to college at the same time that they have no funds to give out.

We set away money and will probably pay for part of her school but make her work for the rest. I would liek to say we will have money saved up for her college and the way we plan to save should be close, but then again what happens if she doesn't go to school or drops out . I am so not giving her that money for her to blow.