RE: college costs

[Robert <http://dummy.us.eu.org/robert>]

Do you think we should offer a $14,000 interest-free loan to Flora and
family since, according to

 http://en.wikipedia.org/wiki/529_plan#Gift_tax_considerations ,

it looks like it would be subject to the same tax restrictions as a
"gift", unless Alex and/or Nick were attending the college in Ca?

 > From: ", Flora" <http://www.state.vt.us/~Flora.>
 > Date: Sun, 1 Jun 2014 17:23:55 +0000
 >
 > What about opening a 529 plan? I'm not sure exactly how it would work, but you 
 > could open one for each Nick and Xander as a beneficiary. It could then be used 
 > to help pay for their college when they graduate.
 > 
 > https://www.nysaves.org/content/home.html
 > 
 > https://www.scholarshare.com/
 > 

 > Cc: http://www.gmail.com/~flora; Noelle; http://profiles.yahoo.com/flora
 > Subject: RE: college costs
 > 
 > To: ", Flora" <http://www.state.vt.us/~Flora.>
 > 
 > I tried a cursory search on the web to see if there were tools, but I
 > didn't see anything like this.
 > 
 > But, like my other email said, getting "outside help" from family members
 > can complicate matters.
 > 
 >  > From: ", Flora" <http://www.state.vt.us/~Flora.>
 >  > Date: Thu, 29 May 2014 21:47:13 +0000
 >  >
 >  > I would like to see an easy analysis - like what you are talking about, but 
 >  > I
 >  > haven't found one. I tried calling UMASS Amherst when I got home from work, 
 >  > but
 >  > they were gone for the day. I want to ask both Green Mountain College and 
 >  > UMASS
 >  > Amherst how an increased FAFSA number would affect our financial aid. This
 >  > would be telling. Also, I want to ask UMASS Amherst how Xander goes about
 >  > becoming an in-state student to receive the in-state student rate.
 >  >
 >  > See the attachment. Please note that I told you $51,000. I am anticipating 
 >  > that
 >  > Nick will receive another scholarship from VocRehab Vermont for his books. 
 >  > He
 >  > would be reimbursed for this expense when he submits his receipts (up to 
 >  > $1,000)
 >  > .