Grandparents: Study Up on How Best to Help With College Costs
Options include cash gifts and funding a 529, but beware the financial aid impact.
Note: This article is part of Morningstar's October 2013 College-Savings Boot Camp special report. An earlier version of this article appeared Sept. 18, 2012.
Question: I want to help my grandchildren pay for college, but I don't want to affect financial aid eligibility. What's the best way to help?