Message Font: Serif | Sans-Serif
No. of Recommendations: 3
I don't understand why the easiest thing isn't to just pay the college directly. If you do that, then the assets are never counted against the financial aid because they don't belong to the student or the parents. In addition, you are not subject to the gift tax rules limitations.

Is there a reason you're not just sending the money to the college to pay the bill directly? I don't understand why the need for the gyrations to give the money to the parents during some short window so that it doesn't count as their asset, and assuring that they spend it on college. That just adds another level of complexity to me that I would not want to deal with.
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.