Grandparents paying tuition

svlab112
Fri, 12 Oct 2018 14:47:36 +0000

My friends 3 kids all had tuition paid by grandparents. Grandparents put money in a separate account (in grandparents name) for each student that listed each of the kids as a beneficiary.

Grandparents paid school directly.

I’m not sure what type of account. But grandparents started account when kids were little so not sure if it was an educational account. But each kid knew what they had available at HS grad. First one opted for private out of state and used all funds for undergrade. Number 3 attending state school and plans to use left over funds for grad school.

All three kids also worked in college as they needed to pay for books and incidentals. Parents paid for housing and food.