Anyway – check into 529 plans. You may get a tax break if you invest in your state’s plan – but other states’ plans may have other benefits. The money goes in post-tax and grows tax free. As long as the money is withdrawn for educational expenses, there’s no tax on the earnings either.

Something I also did was have money automatically deducted each month from my checking account – and put into my daughter’s 529 fund. I didn’t really miss the money because I never really had a chance to see it.

Good luck!

You might want to research 529 plans. They are basically mutual funds that receive tax deferred growth and tax free withdrawals for education related expenses.

Another method is to purchase education credits at todays tuition cost from the university (there-by saving the what seems to be the 12% annual tuition growth). Most universities allow this and some states allow you to then transfer those credits to other state institutions when the child actually attends the university.