I have often wondered this too. I’m interested to read some of the comments. I would really love to be able to help my children though University if they wanted to go.

My mum set one up for me through Australian Scholarships, so they may have changed since I used mine 10 yrs ago, however I never saw the value. The payout amount didn’t seem great and when I decided to take a year break fro. uni the scholarship became void and I received no further payments (fine print). I will just be using a savings account (maybe with personal investments) for our kids. That way we have control of how and when the money is spent.