Money from Grandma?

3togo
Tue, 11 May 2010 13:20:18 +0000

Grandma is allowed to give him a $11 K gift each year with the tax man making a grab. Hint: She can give the same to you, as well.

and to your husband … and grandpa (if he is still in the picture) can also give $11k each year to the student, you, and your husband … and all of those gifts would be tax free. PS - grandma paying the school directly also works as someone mentioned earlier.