Grandparent 529

nomoneytree
Fri, 14 Aug 2015 17:22:30 +0000

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?

She is assisting us with our EFC which was $37,000. She is consulting with her CPA for how paying the expenses affects her, I am trying to determine the best way to not impact future financial aid and how the 529 and this very generous gift is reported on FAFSA.