I'm glad it's worked for you! I am hoping to be as successful with my own children.
That being said (with thanks to G.Mason for posting it), check this out. I suspect this is where some folks got the idea that we are "neglecting" our children with our stance.
http://www.finaid.org/otheraid/parentsrefuse.phtml
We are not doing it that way......BUT every retirement expert will tell you to always take care of yourselves first so your children won't end up taking care of you.
most people are middle income....that means they pay a lot of taxes and get few college bennies....
it is true that all your free savings and your kids is considered fair game when they apply to college...
its better to have a solid financial base for you and your whole family rather than trying to make special accounts for the kids....
someone said above which is true in our case.....
wouldn't you rather help them a little later in life, when they get married or buy their first house or have their first child...that's when there is little help available and that's when we hope to be able to share more of what we have....