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Reply to "Paying for college with grandparents 529"
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[quote=Anonymous]It’s not income if it is used to pay for qualified education expenses. Just bc your expected family contribution is $50,000, doesn’t mean that the school will give you $30,000 of aid. I’m caveating my earlier statement that there may be a difference between what FAFSA considers income and what the IRS considers income bc I haven’t completed FAFSA. We use a grandparent 529 to pay tuition and a portion of her living expenses based on what the school allows. My dd is now in an apartment so we pay the rest out of pocket. [/quote]
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