I've been considering this issue a lot lately since I have a kid and hope to have more in the next few years. I'm planning on saving for their future in such a way that leaves things flexible just in case college isn't the best option when they are adults. I will do pretty much anything to convince them not to go into debt for school unless they are going into an engineering field or something that we can clearly see how they will make it up and pay off that debt quickly. I'm planning on starting this lesson early with the hope that when it comes time they already are able to make an informed decision without me having to get worked up about it :)