Re: Paying for college
We actually don't plan on paying for our children's college. We will help in ways we can, housing, groceries, etc. But we won't be paying for their entire college tuition. We will encourage college as DH and I both feel that higher education is important, we also encourage studying abroad which we will help with (getting Visas, rent for a place, etc).
If you want to pay for their college or atleast help them with other expenses while in college you could start a fund now. Set up some savings account that can't be used until their 18 or so and try to put in money every month or so.