Who pays for college?
With our son in sixth grade and our little girl only 5 years old, Amy and I certainly have many years to contemplate that question. But if I've demonstrated any trait in this column through the years, it's that I'm constantly peering ahead, at future costs, so that Amy and I can prepare for what we know is coming.
Yet, while we're saving for that day, we're probably not saving enough. But that's by design. I think that instead of a free ride through college, a better gift to my kids is a mom and dad financially self-sufficient in their dotage.
But is that a fair approach? Should parents put their future needs above their kids'? Or, should we strive to save every possible dime we can for our kids' education on the theory that we're supposed to give them a head start to a better life than we have?
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