Another way to save on college housing costs over the long term is for Mom and Dad to buy campus rental property. With any luck, this property will appreciate over the years, allowing them to pocket the after-tax capital gain when they sell it.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.