I really appreciate JAF031 starting the thread on the tax board - it is very timely for me. It sound like a 529 isn't the good deal it once was. I can't look 17 years in the future so it's getting to be a tough call on this one.Unless I can & would foot the entire bill for college for a grandchild, I do need to be cognizant of the financial aid issues. I'm beginning to wonder about various strategies. I have no reason to think I won't live to my 80s(but those of you who know me know that I know there can be surprises). I can see making any grandchildren the beneficiary of a segregated investment account with a custodian/trustee. Other thoughts ?