Back to School: The New Parameters of Funding a Grandchild's College Education.

Research output: Contribution to journalArticlepeer-review

Abstract

The article discusses the different approaches and considerations involving grandparents who want to finance their grandchildren's college expenses in the U.S. Several factors that are considered relevant includes income taxation, gift taxation, Medicaid implications and the financial aid ramifications. Moreover, the college funding mechanisms which include college savings bonds, prepaid tuition plans, college savings plans and the Coverdell Education Savings Accounts have been discussed.
Original languageEnglish (US)
Pages (from-to)21-32
Number of pages12
JournalJournal of Retirement Planning
VolumeJan.-Feb. 2008
StatePublished - Jan 1 2008

Keywords

  • Financial aid
  • Educational finance
  • Taxation
  • Grandparents
  • Grandchildren
  • Prepaid tuition plans
  • United States

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