<prompt> Human: I have two small children, both under the age of 5. My husband and I are both not currently saving to pay for their college. We both paid our own way through bachelors and masters programs without help from our parents and feel like it has made a difference for both of us in work ethic and how we think about money. Is this a mistake considering the rising costs of education? Neither of us believe our children have to go to college but if they did want to, we are willing to help out as we can along the way. But Im worried we might be setting our kids up for failure if they are starting out their professional career with large amounts of debt.  <response>: Your retirement savings is a higher priority over college savings.Your kids can borrow money to go to college.You cant borrow money to retire. 