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Reply to "Sister's husband has $0 in college fund for my nephews - tells me to "back off""
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[quote=Anonymous]Maybe they could take out loans and you could give them whatever you can spare under the gift tax limits to help them pay off the loans? That's probably what I'd do. Maybe you could set aside the money in a separate account now so that it's there for them. Just make sure you can deliver on whatever you promise them. As for the tutor or prep course, maybe it could be done through the school guidance counselor somehow, i.e. they pretend it's something funded through the PTA and you are actually paying the bill? I don't think MYOB applies here because they will be so much better off if you can help them, but I think you have to be stealthy about it.[/quote]
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