It’s no secret that college is often the biggest expense a student will ever encounter. For a recent high school grad, looking the potential heaps of college debt in the face probably feels pretty daunting, but many students are fortunate enough to have family to lean on. Many grandparents help to provide financial support for their grandchildren’s college expenses.
If you’re a grandparent finding yourself in just this kind of situation: bravo! It’s fantastic of you to offer help when you’re able, but did you know that some methods of financial assistance are actually better for everyone involved than others? Let’s look at the best way to give money to grandchildren for college.