<p>This is exactly what we did, although it was in 1985 the year our son was born. As a result we had a nice sized college fund of about $78,000 when he graduated from hs. While I realize that many families were unable to do what we did, many others could have set aside $12,500 in home equity and found themselves in a similar situation. </p>
<p>The “magic” of compounding is the easiest way to save for future obligations and the further out that families plan, the more dramatic the advantages. It is a lesson that we have emphisized with our son.</p>