Let's not forget you parents, too. Here's an excerpt from an important CollegeView article, Paying for College: Past, Present, and Future: Strategies to help fund your student's college education:
… Paying for college from past income means that you have planned ahead and saved for your children's education. Clearly, this is the preferred way. If you have been fortunate enough to build up a sizable pot of money for your family's upcoming college expenses, then you are smart, good at generating income, and probably pretty frugal too. Congratulations, and let the draw-down begin!