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College and University Discussion
Reply to "ISO advice on whether to fill out the FAFSA form - 529 in grandparent's name FBO the grandchildren"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thanks to all for these incredibly helpful comments, especially 12:13. These comments are giving me insights that I did not consider previously. And as for lessons learned, we hope to be able to provide college tuition for our (future) grandchildren. We'll make sure not to over-promise and under-deliver, and will communicate regularly (rather than once at birth, and then basically waiting 18 years to bring it up again). (Having said that, I do believe my mom will follow through (even insist) on providing college tuition/room/board for 4 years for all 3 of her grandchildren (e.g. my kids). (If DH and I refuse it (not ideal at this point for DH and me as we had thought that the 529s for our kids were voluntarily fully funded), she may even balk at our refusal.) [/quote] Tell her the cost is $15K a year, and you pay the balance.[/quote] This. Split the cost with your mom. That is still a huge saving for you [/quote]
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