Grandparents seeking to help grandchildren with college costs may contribute in several ways, with different types of accounts and benefits.
There are numerous incentives for parents to save for a child’s future higher education, rather than rely on borrowing. Cost is one. Total charges at both private and public four-year colleges rose more than 4% from 2011-2012 to 2012-2013, according to the College Board. Source: The College Board, “Trends in College Pricing 2012.” Another incentive