Or let them pay for their own college. The rates they’ll get charged will take your income into account, so they’ll have to get a lot of loans. But the loans are pretty manageable and essentially risk-free as long as income-based repayment remains an option. Now, if they are committed EAs and will be earning to give, this doesn’t accomplish as much since this comes out of their future earnings. But even if there’s a 95% probability that they turn out to be earning to give as EAs, that’s still better than the ~100% odds with respect to you. And the interest rates on those loans are lower than average stock market returns, so the smart financial move is always to get the loans and pay them off as slowly as possible rather than pay higher up front costs (assuming they’re reasonably risk tolerant, as young people should be but especially when the goal is to maximize good done rather than maximize their own comfort) (this is a little more complicated to see when we’re talking about earning to give. but you must be assuming a larger discount rate for the value of donations than what you could earn by investing and giving later; otherwise you’d be doing that instead of giving now. So if giving the money away now is worth sacrificing the ~10% annual gains you could make on it, then it’s even more worth sacrificing ~7%/year in interest payments).
Or let them pay for their own college. The rates they’ll get charged will take your income into account, so they’ll have to get a lot of loans. But the loans are pretty manageable and essentially risk-free as long as income-based repayment remains an option. Now, if they are committed EAs and will be earning to give, this doesn’t accomplish as much since this comes out of their future earnings. But even if there’s a 95% probability that they turn out to be earning to give as EAs, that’s still better than the ~100% odds with respect to you. And the interest rates on those loans are lower than average stock market returns, so the smart financial move is always to get the loans and pay them off as slowly as possible rather than pay higher up front costs (assuming they’re reasonably risk tolerant, as young people should be but especially when the goal is to maximize good done rather than maximize their own comfort) (this is a little more complicated to see when we’re talking about earning to give. but you must be assuming a larger discount rate for the value of donations than what you could earn by investing and giving later; otherwise you’d be doing that instead of giving now. So if giving the money away now is worth sacrificing the ~10% annual gains you could make on it, then it’s even more worth sacrificing ~7%/year in interest payments).