thanks, do you have an opinion on the math as well?
Many advisors and even the AI's say that paying for housing and food for a dependent is support and not a gift. So is not subject to gift accounting. So if support is not a gift, awesome, but if it is a gift I still have a question on the math.
There is plenty of articles that say parents are free to choose how to apply unrestricted scholarship dollars in their calculations of costs. If you choose to apply those funds to fees first, then tuition, that reduces the amount that might be considered a gift without creating a situation where those scholarship dollars would be taxable (as would be the case if one considered them applied housing and food).
Is the math in the scenario I outlined a valid approach? I am getting strong indications and have answers from others already that say it is, but I didn't know if there is a different view.
