The Motley Fool Discussion Boards

Previous Page

Financial Planning / Paying For College


Subject:  Re: Paying for College and Aid Date:  2/26/2013  3:56 AM
Author:  foo1bar Number:  8030 of 8484

But the younger is not allowed to make a gift in that manner, right?

And you're asserting they aren't allowed because...???

IMO it certainly seems a bit shady - possibly fraudulant about whose money is whose w.r.t. statements made on the FAFSA.
But assuming they are really gifts, and the youngest could do anything he wanted with the money, I don't think there's any reason he couldn't pay part of older sibling's college bill...

JMO - but if it's possible, I'd go with giving the money to the grandparents and they can even pay the college directly (so no gift tax implications for them)
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us