accessing escrow
Colleges can require a certain percentage of all your child's(maybe parents'?) assets to pay tuition (I've heard 25-30%). Tuition will need to be paid prior to his 18th birthday. Even if he takes out student loans, some of this money is required to be used by the college. Also, he'd probably love to get a car, knowing him! I'm trying to make sure his financial aid process goes ok.
I've attended college prep classes with him, so the fact the money can be required as payment is true!