My daughter and I have a contract. After she graduates college she will pay me the amount due on her college loans. (I work 70+ hours a week and make money so she was not eligible for scholarships even though she was top 3% in her class.) I will repay the loan and invest the money she pays me for her in trust. The money invested will be hers when she's 30 as long as she's kept her end of the bargain. She thinks it's a great deal (so far)
Sounds like a great plan.
I was kind of in the same position....luckily I got scholarships for academics (though I went to one of the best high schools in the state, so my 3.98 GPA just meant there were still 20 students out of 1000 better than me). However, other than that I was stuck with mostly loans since we did not qualify for aid based on financial need.
70 + hours a week? Wow. What work do you do?