Education

@VlpRop76 

How old are your children now?

 

@Hal_Al 

Depending on the childrens’ ages, can you add anything about 529 plans?  I believe the grandfather could contribute to a 529 plan in the name of each child and receive certain tax benefits.  (These benefits would be for the grandfather, not the great-grandchildren.  If the grandfather doesn’t care about his own tax breaks, he can give any amount to anyone for any purpose.  Gifts over a certain amount must be reported and might be taxed, but that is a problem for the grandfather, not the grandchild or great-grandchildren.)