Elimination of 1040A/1040EZ and FAFSA

[cshell2]

Your parents didn’t save for nothing. They have saved a $30,000 gift for you to use towards college costs. Yes, this might need to be used instead of federally funded grant money, but it’s still a wonderful gift.

It is. But I’m sure if they had known it would have resulted in a dollar for dollar reduction in aid they would have done things differently so the gift really WAS additional help.