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Home Dream, learn and save for your educational goals Information for Grandparents

Information for Grandparents
Information for Grandparents

A Scholar’s Edge 529 account can help provide you with the opportunity to plan for and achieve your educational goals.

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Grandparents and estate planning

Lessen your estate tax burden and empower future generations

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  • Potentially minimize some tax consequences with 529
  • Move assets out of your estate into a grandchild/beneficiary’s name
  • Create a source of education funding that can go from generation to generation
  • Account owner retains control

Learn more about estate planning (PDF)

While Section 529 Plans can, under some circumstances be an effective way to facilitate intergenerational wealth transfer, a Section 529 Plan should be evaluated in light of other estate transfer planning vehicles such life insurance, trusts and other gifting strategies eligible for gift tax exclusions or gift tax exemptions. Your evaluation of wealth transfer objectives and of wealth transfer strategies should be conducted with the involvement of your tax advisors and an estate planning attorney. A Section 529 Plan does have limitations on account transfers and withdrawals are subject to penalties if not utilized for payment of qualified education expenses. This is general information and should not be construed as tax or investment advice. ​
It’s easy to give the gift of education with Scholar’s Edge

Opportunities for contribution and gifting
Support college funding without jeopardizing financial aid eligibility

Beginning with the 2024–25 award year, withdrawals from grandparent-owned 529 plans are no longer considered untaxed income in the Free Application for Federal Student Aid (FAFSA). Grandparents now have greater flexibility to contribute to their grandchild’s education savings using 529 plans without impacting their eligibility to receive financial aid.

Learn more about FAFSA (PDF)
Dream
How do you make education dreams come true? Discover the many ways you can benefit from a 529 plan to achieve your educational goals.
Learn
It’s easier to achieve educational goals with the right planning. Learn the advantages of a 529 plan and how it can be used to benefit you.
Save
Investing in education savings now can help shape the future. Save for education with an experienced financial professional.

Debunking common myths associated with 529 plans.

Myths about 529 plans
Start saving today

Dream big. Learn more. Save for the future.

Take the first step in securing your loved one’s education today with the Scholar’s Edge 529 Plan.

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