We have saved quite some money under our kids' names. So much so we have to file tax for them because of the earned interest (when the interest rate was high). We are thinking about spending them all now, buying big car and send them to expensive camps. Otherwise, we will have to send all these money to school.
Our idea is to spend all the saving now. That way, when they got into school, we will have not money at all on paper. School then will give them need based supports.
Those who haev sent kids to college lately please advise.