I don't have kids, but if I did, I don't think I'd pay for their college education. I'd try to help them out in other ways by co-signing on their loans, helping with groceries and living necessities, maybe taking them out to dinner! This is actually what my parents did for me fifteen years ago. I'm certain my mom and dad couldn't have afforded to pay for my college, especially because I'm 1 of 4 kids, but I think there was more to-it than that. When I look back, I think they were trying to teach me some fiscal responsibility.