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Reply to "Parents of little kids: What are your college savings goals?"
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[quote=Anonymous]We have an investment property. The mortgage will be completely paid in a reasonable amount of time and the sale of that property should cover undergrad expenses for both kids. Grad school will be on them. We'll help with basic expenses but my kids will be expected to work and contribute to things like car/insurance/gas etc. I graduated from college with an enormous amount of debt and I don't want that for my kids but we're not giving out handouts either. All my college friends with brand new cars from mom and dad and no need for a job were reckless with their property and had zero work ethic. [/quote]
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