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Next Avenue: Want to help your grandchildren with college? Read this first

This article is reprinted by permission from NextAvenue.org.

Is there a better legacy than that helping provide your grandchild a college education? Many grandparents do just that. According to a 2017 TD Ameritrade survey, 19% of grandparents contributed to a grandkid’s college savings in the previous year.

Covering the cost of your grandchild’s college education feels like the perfect way to give him or her a leg up in life. And you get to enjoy seeing your gift put to practical use. But is this really the best option for helping? Here’s what you need to know before committing to pay for college.

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