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Financial Planning / Paying For College
|Subject: Re: funding grandchild's college||Date: 9/5/2013 12:35 PM|
|Author: foo1bar||Number: 8075 of 8411|
I call B.S.! Show up where?
It looks like it should be reported as untaxed income on the FAFSA.
http://www.finaid.org/parents/grandparents.phtml (section "Giving directly to the college")
Gifts are not income.
From income tax perspective - yes.
From FAFSA perspective, maybe it is counted as income.
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