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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price, Second Edition
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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price, Second Edition

by Lynn O’Shaughnessy
April 2012
Beginner to intermediate
288 pages
6h 11m
English
Pearson
Content preview from The College Solution: A Guide for Everyone Looking for the Right School at the Right Price, Second Edition

15. Getting Grandma to Help

Grandparents and 529s were made for each other.

—Joseph Hurley, CPA, Savingforcollege.com

When grandparents want to help with college costs, this should be the No. 1 rule that they follow: First, do no harm.

To illustrate what can go wrong if you ignore this admonition, I’m sharing the story of a middle-class family in Southern California that received a large financial gift from a wealthy grandparent. The grandfather gave each of the three children a significant amount of money that he wanted them to eventually use to purchase homes for themselves.

There was, however, an unintended consequence of the grandfather’s largesse. His gifts ensured that his grandchildren would not qualify for financial aid. One of the children ...

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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price

The College Solution: A Guide for Everyone Looking for the Right School at the Right Price

Lynn O’Shaughnessy

Publisher Resources

ISBN: 9780132944700Purchase bookCompanion Web site