College "Funds" aren't all that much needed depending on if you know how to make it through college. And what you resources are. WORST case scenario if my son hadn't gotten into the academy or had full ride scholarships offered; and my daughter having scholarships. It would have cost us $12,000 a year for them to go to state university. That's worst case scenario. For me, I can afford that. For others, they might not be able to. But for those who couldn't afford it, it usually means they probably could have gotten other assistance. (I'm talking about my state and college costs for in state residents). Each state is different. Personally; unless someone has some uncontrollable desire for their children to go to Harvard at FULL PRICE; starting a college fund when they are children isn't all that needed. However; if it's done right and the money can be taken back out if not used, it definitely didn't hurt anything. The important thing to realize is that NONE of the money that might have been set aside for your college education is really yours. It's your parent's money. And the fact that you were able to get an academy appointment is a nice way of THANKING your parents for all the years that they provided for you. They now might have some money to get a new kitchen set, new car, take a trip, come see you on parent's weekend, etc... I have a little running humor with my son. Every time we buy something now, I tell him "THANK YOU" for us being able to get it. Of course he knows it's a joke. And it definitely helped with him have scholarships; some full ride; to 4 colleges/universities. later.... mike....