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Financial Planning / Paying For College


Subject:  Re: Parent vs Child Assets Date:  7/23/2001  11:08 PM
Author:  japper Number:  4073 of 8571

I agree with RAD in that funds gifted will be accounted in a question on the FASFA, which will inflate the income for that year. Gifting outside the family, grandparents etc who, in turn, pay the tuition directly to the school avoid further issues.

In reality, FA folks would question a kid gifting $$ out when getting prepared for college.

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