My daughter turns 1 year old in about three weeks. As any parent does, I want to ensure she has the best possible opportunities in life down the road. To achieve this, I have begun building her a portfolio of dividend powerhouses that should provide her with a steady, growing income stream so she can be free to pursue whatever her goals might be.
For a high school graduation present, it is my goal to give my daughter a portfolio worth almost $600,000 that earns her over $25,000 a year. This will ensure that she can attend whatever college she would like (debt-free), and give her the best possible opportunities as she heads out into the world. Again, this example is a clear indication of the power of getting started early. You do not need to time the market (and it is pointless to attempt to time the market anyway) to create a powerhouse dividend portfolio. All you need is time -- and there is no time like today to get started!
Source: Seeking Alpha
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You and she may want to consider borrowing what she needs for college as needed, use what she needs of the $25,000 annual dividends to pay what she owes after graduating, deduct the student loan interest and not touch any principle AND continue to earn and / or re-invest some or all the dividends while paying and after the tuition is paid.