[billybarue]

First and foremost take advantage of non-taxable (Roth IRA), tax-deferred (Conventional IRA), and company matching (401K) investments for yourself. Your best return on investment will be from these mechanisms which avoid or delay taxes, or, in the case of a 401K have your company add to your compensation in the form of retirement funds.

After that plenty of advice on 529 plans are on-line.

Many states have free in-state tuition for members of the National Guard at any state school (or match the funds for private schools). Essentially, a 100% scholarship at some very good State schools. Seek out every scholarship opportunity. Take advantage of low-interest student loans - not a good deal now but that may change in future. Nothing wrong with stressing the kid has to help pay for school by working. Internships are an excellent way to get work experience in chosen field that will be invaluable on applications for jobs (or grad-school) when they finish their baccalaureate.