Just as an aside for those with high school kids, if your kid has at least a 28 on his ACT and has a 3.0 or higher he can get a full tuition scholarship at a college somewhere. The higher the scores the more choices he will have. Do a search on college merit scholarships.
My kids are 3 and 5. I have a few thousand for each of them. However, for me to afford 6 years for them, my wife may have to work full time. A lot can happen between now and then; I suspect I will be promoted at least once or twice. I would like to believe that they will get 3.0. I got a 2.7 and enlisted in the Navy who gave me an NROTC scholarship after 3.5 years of service.