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Financial Planning / Paying For College


Subject:  Re: funding grandchild's college Date:  9/5/2013  2:55 PM
Author:  foo1bar Number:  8080 of 8484

It is not reported on the FAFSA because it was not a gift to the student or the parents.

I would bet that the feds would disagree - that they consider it a gift to the student.
It certainly looks like a gift to me. The only thing different about it is that when it comes time to look at gift taxes it isn't counted by the IRS for that.
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