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A New Way for Grandparents to Help with College Expenses

FYI – 3/31/2016

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There’s a new way for Grandparents to help with college expenses without hurting their grandchildren’s financial aid applications. According to the MOST (the Missouri 529 college savings plan) website, “Grandparents + 529 plans will soon add up to a more beneficial combination for both grandparents and grandchildren alike. Because of a recent change in the Free Application for Federal Student Aid (FAFSA), grandparents can soon use their tax-efficient 529 plans to help pay college costs earlier without impacting students’ chances for federal financial aid.”

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