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Financial Planning / Paying For College


Subject:  funding grandchild's college Date:  8/21/2013  7:50 PM
Author:  covan Number:  8063 of 8478

I'm a grandpa hoping to help a grandchild pay for college, since no one else in the family is able.

My hope is to help the kid, who did great in High School, get all the aid she is eligible for, and then make up the difference. She is already enrolled in a hometown University, and starts this fall.

Another objective is to find links to other sites pertaining to the subject. I'm sure there's a right and a wrong way to go about this, and I want to do it right.

I've read that it is not wise for a grandparent to pay college bills directly, or through the grandchild, but that the bills should be paid by the parents. It would be all the same to me, but why is this? Would a payment from someone other than a parent reveal another source of support that the college would want to consider in their aid evaluation?

Thanks in advance for your suggestions.

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