How to Pay for College for a Grandchild or Someone Else

What do grandparents or family need to know about paying for a family member’s college tuition? What are the taxes associated with gifting for education? What’s a UTMA, 529, or Coverdell account? Could my gift impact financial aid for the student?

ACTEC Fellows Michael H. Barker and Jean Gordon Carter, estate planning experts, explain what a grandparent, aunt, uncle or benefactors needs to know about helping a student pay for college and where to find resources to explain the options.