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How can grandparents help their grandchildren save for college?

Sign up for Fidelity Viewpoints weekly email for our latest insights. One flexible way for grandparents to help their grandchildren save for college is with 529 college savings plans, which offer an appealing combination of tax advantages, control, flexibility, and minimal impact on student aid.

How can I save money for my child or grandchild's college years?

One of the easiest ways is to invest the money you’ve set aside for your child or grandchild’s college years is in tax-smart investment vehicles. These plans and accounts allow you to efficiently save for your child or grandchild’s education while shielding the savings from the IRS as much as possible.

Will direct tuition reduce my grandchild's financial aid?

Direct tuition payments could also reduce your grandchild’s financial aid from the college. It won’t hurt to check with the college to see how any financial assistance you supply will impact the student’s financial aid eligibility. Taking advantage of 529 college savings plans is another solid option.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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