Ask for Help
You don't have to do this alone.
Grandparents and other relatives can be an excellent source of help with college savings.*
Family members may be a good source of assistance when it comes to reaching your college savings goal. They can open an account or contribute to an existing account. And, their contributions may be eligible for estate and gift tax benefits.
And remember, most families do not save 100% of college costs. In addition to what you contribute to financing a college education through your 529 plan, there are other sources of financial aid, such as grant aid, education tax credits and deductions, federal loans, and Federal Work Study aid1.
*The eligibility of an Account Owner for Medicaid assistance could be impacted by the Account Owner's ownership of a college savings account in a qualified tuition program. See the Disclosure Booklet for more information.
1Table 1. Total Student Aid and Nonfederal Loans Used to Finance Postsecondary Education Expenses in Constant (2008) Dollars (in Millions), 1998-99 to 2008-2009 Trends in Student Aid, 2009, The College Board, 2009-10
