One of the greatest gifts my parents gave me was putting a bit of money aside for my undergrad. By the time I finished undergrad and law school, I managed to only accumulate 35k in student loans, which I paid off in relatively short order. The deal was always "we cover your tuition for 1 degree and you can eat and sleep here for free. If you go away for school or decide to move out, you're on your own".
I get this whole "school of hard knocks" approach some have, but with cost living being what it is today, you are probably doing your kids a significant disservice. I know that in my case, I am significantly ahead of my friends and colleagues who had to foot the bill on their own.
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