Ever since our children were little we would put money in a college fund for them. They would get $100 on their birthdays and $100 at Christmas that went right into their college fund.
My oldest didn't go to college, so he used the money to purcase a new truck.
Now that I have a junior in high school, I am wondering if this was a good idea.. I am happy that he has money for college~ hopefully enough at least for the first year. My quetion is since he has this money, now I wonder if he will have a hard time getting other help paying for his college.
When I went to college I received TAP and PELL Grants. I think that this money we saved for him will hurt his chances of getting grants.
What do you think?