More grandparents assisting in college costs
The Bulletin
A college education — even at a highly rated private institution — was once regarded as a relatively affordable route to lifelong prosperity, but in recent years it has become a hobbling financial burden for many families. To avoid a potential reduction in aid, grandparents could postpone sending 529 proceeds until the last two years of college, suggests Gary Carpenter, a Syracuse, New York-based certified public accountant and executive director of the National College Advocacy Group, a nonprofit focused on college financing.