Grandparent 529

mom2collegekids
Fri, 14 Aug 2015 19:21:16 +0000

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Mom is not married, I am married. The offer at this time is $15,000/school year or $1500/month over the 10 month payment plan (school year). So for this 2015 calendar year, my mom would be paying $7,500. Next year will be $15,000. The money is currently going to the school directly do I need to have it given to me (up to $14,000) or my daughter and then pay the expenses?

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You mom can gift you $14k

and mom can gift your H the remaining up to $14k.

Then, you the parents, would pay your EFC with that.

YES…the money needs to go to YOU directly. YOU need to pay the bills. Has Mom already given the money to the school?