There are several ways grandparents can help support a grandchild’s education without giving money directly to the student. Some direct gifts could jeopardize the student’s prospects for need-based financial aid or conflict with the grandparents’ estate plan. It’s crucial that grandparents, parents, and students understand options before deciding which one is appropriate for them. If you are considering paying toward someone’s college education, call Susan Craig, Independent Financial Coaching, and discuss the kinds of questions that you need to be answered before deciding what is best for your estate as well as the support you want to offer your grandchildren.
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