Joules Posted August 3, 2017 Share Posted August 3, 2017 I need opinions. A grandparent is paying room and board this term. I have the option of writing a check to us, writing a check to ds, or them paying direct on the college website. Tuition is covered by scholarship, so this is all that needs to be paid. We don't qualify for any need-based aid, so I don't think it matters how it is done, but if the grandparent is paying directly, the amount is exempt from gift tax. That may not matter because I don't see lots of other gifts, but if the offer comes up next term or Christmas, it might make a difference. Since it is room and board, I don't think any of the tax credits would apply, so I won't lose by someone else paying What should I be considering here? Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.