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- 529 Plan Ratings and Rankings
- Choosing a 529 Plan
- Resources
- How to Save for College
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- Tools and Calculators
- Ratings and Reviews
- Paying for College
- Tools and Calculators
- Advisor Resources
- Tools and Calculators
- Subscriptions
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Grandparents
529 plans offer unique benefits for grandparents:
- Reducing estate tax exposure
- Ability to retain control of the assets throughout the life of the account
- Ease of management and flexibility
- Potential state tax deduction or credit for contributions
- The opportunity to leave an enduring educational legacy for grandchildren
Historically, one of the major concerns about grandparent-owned 529 plans was their impact on federal financial aid when withdrawn to pay for a grandchild's education. The FAFSA simplification implemented starting with the 2024-2025 award year no longer requires their financial support to be reported.
Download the family guide to college savings ebook
This guide is a must-read for all parents with college costs in their future. Whether you have toddlers or teenagers, this ebook will help you develop a simple and cost-effective strategy for saving and paying for college.
Opening a 529 Plan for your Grandchildren
Contributing to your Grandchildren's College Fund
Tax and Financial Aid Considerations
Find 529 plans in your state
Select a state on the map to see available plans:
FAQs about grandparents and 529 plans
A good place to start:
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.
