How to Help Grandchildren Pay for College

Follow these tax-saving strategies while gifting money to help fund their education.

(Image credit: © Gina Smith)

With the fall semester beginning for college students, many grandparents may want to help their grandkids pay for education costs. Of course, the younger the grandkids are, the longer the money squirreled away for their education can grow, but there are ways to help older grandkids, too. Here are a few smart tax-saving strategies you can use.

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Emma Patch
Staff Writer, Kiplinger's Personal Finance

Emma Patch joined Kiplinger in 2020. She previously interned for Kiplinger's Retirement Report and before that, for a boutique investment firm in New York City. She served as editor-at-large and features editor for Middlebury College's student newspaper, The Campus. She specializes in travel, student debt and a number of other personal finance topics. Born in London, Emma grew up in Connecticut and now lives in Washington, D.C.