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In canada we have something called Registered Education Savings Plan (RESP) where the government matches the parents deposits into the fund up to a certain % depending on household income. So it pays to put $$$ away for your kids post secondary education.
The best part is the kid just needs to enroll in college/university/trade school and they get a check, it may be split into 2 payments I don't recall the exact details. The kid can spend it however they like, which can go either way when an 18 year old get's their hands on $$$... but that's up to the parents to deal with.
I max ours out, hopefully my kids will stay in school longer than I did!
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