Helping kids pay for their own college tuition

With all of the talk on the news about kids not being able to get loans for college tuition, I am very thankful for what Hubby and I have decided to do. I want to share this plan with you, because I think it can help other parents make future plans.

We have four kids - ages 15, 12, 10 and 4. We are going to have kids in college in about 4 years. We will probably have no more than 2 in college at any one time, but that is not certain - we might have 3 in college at one point. Things happen - one might take a year off. One might not do well for a year - who knows? The point is that, realistically, we might have 3 in college at the same time.

We are paying off our debt so that we will be debt-free long before we have kids in college.

However, we are NOT planning on paying for our kids to go to college.I have set the kids up with ways to:

--learn how to make money.
--make money over time
--build up their income

I have set up blogs for the kids - they update them and run them (with my supervision) and they learn how blogging works - and how money works! There are ads and affiliate programs on there. (They are not old enough to participate directly yet, but I have my account and give them their share.)

Right now, they are almost to the point where they can earn all of their spending money. (Hey, 50 bucks is a fortune for a 10 year old!)

In the future, as their needs grow, their income will grow, too. They can and will be responsible for all of their clothing and other needs (once they earn that much).

They will be putting money aside for college.

They can have regular money coming in while they are in school - no broke college students! No phoning home for money! LOL

And I will have the peace of mind that they are self-sufficient.

That is the best part of all.