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May 2016

FERPA

Disclaimer: Nothing in this post is about paying for college, but it’s something parents of college-bound students need to know about. The Family Educational Rights and Privacy Act is a bit like HIPAA for student records: it prohibits release of a student’s education records without their consent. Generally this is a good thing:

Grandparent College Savings

One question I get a lot in my financial planning practice is “How should I help with my grandchildren’s college costs?” There are many options: opening a 529 account on your own, gifting into the parents’ 529 accounts, UTMAs, direct payment of tuition, just to name a few. The answer, as is so often the case, is It Depends.