{"id":105051,"date":"2026-04-12T10:54:00","date_gmt":"2026-04-12T13:54:00","guid":{"rendered":"https:\/\/ubirataonline.com.br\/were-75-with-3-2-million-our-grandchild-needs-help-paying-for-college-but-its-not-our-fault-she-picked-a-school-thats-90k-a-year\/"},"modified":"2026-04-12T10:54:05","modified_gmt":"2026-04-12T13:54:05","slug":"were-75-with-3-2-million-our-grandchild-needs-help-paying-for-college-but-its-not-our-fault-she-picked-a-school-thats-90k-a-year","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/were-75-with-3-2-million-our-grandchild-needs-help-paying-for-college-but-its-not-our-fault-she-picked-a-school-thats-90k-a-year\/","title":{"rendered":"We&#8217;re 75 With $3.2 Million. Our Grandchild Needs Help Paying for College, but It&#8217;s Not Our Fault She Picked a School That&#8217;s $90k a Year!"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"article-body\">\n<figure class=\"van-image-figure inline-layout \" data-bordeaux-image-check=\"\" id=\"elk-f2719250-1f11-4695-b034-b48296043688\">\n<div class=\"image-full-width-wrapper\">\n<div class=\"image-widthsetter\" style=\"max-width:2121px;\">\n<p class=\"vanilla-image-block\" style=\"padding-top:56.25%;\"> <picture data-new-v2-image=\"true\"><source type=\"image\/webp\" srcset=\"https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:1920\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 1920w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:1600\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 1600w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:1280\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 1280w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:1024\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 1024w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:768\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 768w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:415\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 415w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:360\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 360w, https:\/\/cdn.mos.cms.futurecdn.net\/v2\/t:0,l:0,cw:2121,ch:1193,q:80,w:320\/nCJVx2kcF2L4p9M9bXv4Z3.jpg.webp 320w\" sizes=\"(min-width: 710px) 670px, calc(100vw - 30px)\"\/><\/picture><\/p>\n<\/div>\n<\/div>\n<p>(Image credit: Getty Images)<\/p>\n<\/figure>\n<p id=\"elk-8b20ee7c-9057-4ce0-9808-35fbea92bca1\"><strong>Question<\/strong>: We&#8217;re 75-year-old retirees with $3.2 million. Our son&#8217;s pressuring us to help pay for our granddaughter&#8217;s college so she can avoid loans. It&#8217;s not our fault she picked a school that&#8217;s $90k a year! What should we do?<\/p>\n<p><strong>Answer<\/strong>: It&#8217;s hardly a secret that obtaining a college degree is an expensive prospect.<\/p>\n<p><a id=\"elk-seasonal\"\/><\/p>\n<aside data-block-type=\"embed\" data-render-type=\"fte\" data-skip=\"dealsy\" data-widget-type=\"seasonal\" class=\"hawk-root\"\/>\n<p id=\"elk-8b20ee7c-9057-4ce0-9808-35fbea92bca1-2\">The average cost of college today is $38,270 per student per year, which includes books, supplies, and living expenses, according to the <a data-analytics-id=\"inline-link\" href=\"https:\/\/educationdata.org\/average-cost-of-college\" target=\"_blank\" data-url=\"https:\/\/educationdata.org\/average-cost-of-college\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\"><u>Education Data Initiative<\/u><\/a>. The average borrower with federal student loans today owes <a data-analytics-id=\"inline-link\" href=\"https:\/\/educationdata.org\/student-loan-debt-statistics\" target=\"_blank\" data-url=\"https:\/\/educationdata.org\/student-loan-debt-statistics\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\"><u>$39,547<\/u><\/a>. Moreover, the <a data-analytics-id=\"inline-link\" href=\"https:\/\/amberstudent.com\/blog\/post\/most-expensive-colleges-in-the-us\" target=\"_blank\" data-url=\"https:\/\/amberstudent.com\/blog\/post\/most-expensive-colleges-in-the-us\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\">full annual cost of attending a top school<\/a> can, shockingly, top $90,000. It&#8217;s understandable that your grandchild wants to avoid graduating with burdensome debt.<\/p>\n<div id=\"blueconic-article-kiplinger\">\n<div class=\"blueconic-article__wrapper\">\n<div class=\"blueconic-article__wrapper__top\">\n<div class=\"blueconic-article__wrapper__top__left-div\">\n<h2><span class=\"blueconic-article__wrapper__top__left-div-title\">From just <s>$107.88<\/s> $24.99 for Kiplinger Personal Finance<\/span><\/h2>\n<p><span>Become a smarter, better informed investor. Subscribe from just <s>$107.88<\/s> $24.99, plus get up to 4 Special Issues<\/span><\/p>\n<p><a href=\"https:\/\/subscribe.kiplinger.com\/servlet\/OrdersGateway?cds_mag_code=KPP&amp;cds_page_id=283998&amp;cds_response_key=95HPNBC1&amp;utm_medium=referral&amp;utm_source=kiplinger.com&amp;utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_inarticle-&amp;utm_content=in-article\" target=\"__blank\"><\/p>\n<p>\nCLICK FOR FREE ISSUE\n<\/p>\n<p><\/a>\n<\/div>\n<\/div>\n<div class=\"blueconic-article__wrapper__bottom\">\n<div class=\"blueconic-article__wrapper__bottom__left-div\">\n<h2>Sign up for Kiplinger\u2019s Free Newsletters<\/h2>\n<p class=\"blueconic-article__wrapper__bottom__left-div-text-desktop\">Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more &#8211; straight to your e-mail.<\/p>\n<p class=\"blueconic-article__wrapper__bottom__left-div-text-mobile\">Profit and prosper with the best of expert advice &#8211; straight to your e-mail.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>If you&#8217;re well-off retirees, you may be asked to help cover your grandkids&#8217; education costs so they don&#8217;t graduate with debt. But if you have a granddaughter who&#8217;s chosen a school with a $90,000-a-year price tag, that ask may not be reasonable, even if you have a $3.2 million nest egg to fall back on.<\/p>\n<p>Here&#8217;s how to handle what could be a tricky situation without hurting your loved ones or putting your own retirement at risk.<\/p>\n<p><a id=\"elk-616d7003-32c4-486c-8890-1440d4669e61\"\/><\/p>\n<h2 id=\"you-need-to-be-comfortable-helping-out-financially-3\">You need to be comfortable helping out financially<\/h2>\n<p id=\"elk-60ba62af-bc75-4984-8dd1-625e48570bc5\">As grandparents, it&#8217;s natural to want to help your granddaughter out. But even with a generous nest egg, you may not feel ready to start writing large checks just yet.<\/p>\n<p><a data-analytics-id=\"inline-link\" href=\"https:\/\/wealthguidefinancial.com\/about\/\" target=\"_blank\" data-url=\"https:\/\/wealthguidefinancial.com\/about\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\"><u>Mike McCracken<\/u><\/a>, president and founder of Wealth Guide Financial, says, &#8220;Having $3.2 million at age 75 is a great position, but that doesn&#8217;t mean you should automatically write a big check for a $90,000-a-year school tuition.&#8221;<\/p>\n<p>McCracken says that before you hand out so much as a dollar, ask yourself whether helping out with college will leave you with enough money to live comfortably for the rest of your lives without the risk of <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/retirement\/retirement-income-strategies-for-the-long-haul\" data-url=\"https:\/\/www.kiplinger.com\/retirement\/retirement-income-strategies-for-the-long-haul\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/retirement\/retirement-income-strategies-for-the-long-haul\"><u>running out of money<\/u><\/a>. Keep in mind that you may have extra costs to contend with, from home repairs to medical bills to <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/retirement\/long-term-care\/how-to-pay-for-long-term-care\" data-url=\"https:\/\/www.kiplinger.com\/retirement\/long-term-care\/how-to-pay-for-long-term-care\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/retirement\/long-term-care\/how-to-pay-for-long-term-care\"><u>long-term care<\/u><\/a>. So the numbers need to work for you.<\/p>\n<p><a data-analytics-id=\"inline-link\" href=\"https:\/\/www.xmlfg.com\/brett-bernstein-cfp\" target=\"_blank\" data-url=\"https:\/\/www.xmlfg.com\/brett-bernstein-cfp\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\"><u>Brett Bernstein<\/u><\/a>, CFP, CEO and Co-Founder of XML Financial Group, agrees.<\/p>\n<p>&#8220;The first thing the grandparents need to do is build a financial plan to ensure that they can maintain their current lifestyle and see how much they can financially help their grandchildren,&#8221; he says. &#8220;Once they have an understanding of the actual number they can contribute, then they have to decide how much of that they want to gift.&#8221;<\/p>\n<p><a id=\"elk-collectionwidget-dd3b50754d7ad4c2699689c384400417\"\/><a id=\"elk-dfb86462-07e5-4b44-981b-0cbfec6be062\"\/><a id=\"elk-abddde5d-ddd1-4442-b968-c55fd1e331c4\"\/><\/p>\n<h2 id=\"make-sure-you-re-treating-your-heirs-fairly-3\">Make sure you&#8217;re treating your heirs fairly<\/h2>\n<p id=\"elk-fec74839-5ca3-4f7f-8f46-aefff5c5772b\">It&#8217;s one thing to help fund your granddaughter&#8217;s college education if she&#8217;s your only grandchild. If not, you risk running into problems if you start cutting her large checks without mapping out a plan.<\/p>\n<p>McCracken says the cleanest way to go about things is to document everything meticulously.<\/p>\n<p>&#8220;Have your estate-planning attorney draft a simple amendment to your <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/retirement\/estate-planning\/what-is-a-living-trust\" data-url=\"https:\/\/www.kiplinger.com\/retirement\/estate-planning\/what-is-a-living-trust\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/retirement\/estate-planning\/what-is-a-living-trust\"><u>revocable living trust<\/u><\/a> stating that the amount you paid for college will be subtracted from your child\u2019s or grandchild\u2019s eventual inheritance,&#8221; he suggests, assuming you have that legal document in place. If not, put something in place before distributing a portion of your assets.<\/p>\n<p>Another option, McCracken says, is to treat the money as an interest-only loan that your granddaughter or their parents will repay.<\/p>\n<p>&#8220;This keeps everything transparent, protects the other children\u2019s share, and prevents anyone from being taken advantage of,&#8221; he says.<\/p>\n<figure id=\"elk-873e6e92-0696-4bc6-a4bb-c0f3fadee00a\">\n<blockquote class=\"vanilla-quoteblock\">\n<p>&#8220;Giving directly to your grandchildren could reduce their financial aid eligibility.&#8221;<\/p>\n<\/blockquote>\n<\/figure>\n<p><a id=\"elk-1b508bbe-515d-4074-b222-a5087414d140\"\/><\/p>\n<h2 id=\"be-as-tax-efficient-as-possible-with-your-giving-3\">Be as tax-efficient as possible with your giving<\/h2>\n<p id=\"elk-8e9e4500-057f-46d2-a8c1-7c104c4e764a\">Unfortunately, there&#8217;s no easy way to enjoy a tax break in the course of gifting a grandchild money for college. Contributions to a <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/personal-finance\/careers\/college\/603628\/529-plan-faqs\" data-url=\"https:\/\/www.kiplinger.com\/personal-finance\/careers\/college\/603628\/529-plan-faqs\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/personal-finance\/careers\/college\/603628\/529-plan-faqs\"><u>529 plan<\/u><\/a> may grow tax-free, but you don&#8217;t get to deduct the sum you put in.<\/p>\n<p>Still, it&#8217;s important to be mindful of tax implications. To that end, McCracken says that if you&#8217;re going to help, paying tuition directly to the school is usually the most tax-efficient route. This way, it doesn\u2019t count against your annual <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/taxes\/gift-tax-exclusion\" data-url=\"https:\/\/www.kiplinger.com\/taxes\/gift-tax-exclusion\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/taxes\/gift-tax-exclusion\"><u>gift tax exclusion<\/u><\/a>.<\/p>\n<p>McCracken also warns that giving directly to your grandchildren could reduce their financial aid eligibility.<\/p>\n<p>Bernstein agrees that paying tuition directly is generally the best option, and that eking out tax savings is unlikely.<\/p>\n<p>&#8220;The only way for a grandparent to get some benefit is if the school is willing to accept a highly appreciated asset in return for the tuition, or if the school is a qualified charity and the grandparent can [send] part or all of the <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/retirement\/retirement-plans\/required-minimum-distributions-rmds\/602350\/rmd-basics-12-things-you\" data-url=\"https:\/\/www.kiplinger.com\/retirement\/retirement-plans\/required-minimum-distributions-rmds\/602350\/rmd-basics-12-things-you\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/retirement\/retirement-plans\/required-minimum-distributions-rmds\/602350\/rmd-basics-12-things-you\"><u>required minimum distribution<\/u><\/a> directly to the school,&#8221; he explains.<\/p>\n<p>However, Bernstein says, these strategies typically don&#8217;t work, so &#8220;this comes down to what the grandparent can ultimately afford to gift and their willingness to do so.&#8221;<\/p>\n<p><em><strong>Read: <\/strong><\/em><a data-analytics-id=\"inline-link\" href=\"https:\/\/www.kiplinger.com\/personal-finance\/college\/use-the-529-grandparent-loophole-to-maximize-college-savings\" data-url=\"https:\/\/www.kiplinger.com\/personal-finance\/college\/use-the-529-grandparent-loophole-to-maximize-college-savings\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.kiplinger.com\/personal-finance\/college\/use-the-529-grandparent-loophole-to-maximize-college-savings\"><em><strong>Use the 529 Grandparent Loophole to Maximize College Savings<\/strong><\/em><\/a><\/p>\n<p><a id=\"elk-8021b005-82e9-41af-a0e1-090a32aab408\"\/><\/p>\n<h2 id=\"don-t-succumb-to-pressure-3\">Don&#8217;t succumb to pressure<\/h2>\n<p id=\"elk-01bd3a23-ed8d-4620-bde8-6be07bf373da\">Aside from genuinely <em>wanting<\/em> to help your granddaughter, you may be feeling immense pressure to contribute toward her education. That&#8217;s why McCracken supports having an honest family conversation and setting clear boundaries up front.<\/p>\n<p>&#8220;You can say something like, &#8216;We love you and want to help, but we also must protect our own retirement and want to keep our inheritance planning even among the heirs,'&#8221; he suggests.<\/p>\n<p>From there, explain how you&#8217;re willing to structure the assistance if you feel comfortable chipping in.<\/p>\n<p>&#8220;Helping the next generation is one of the most rewarding things you can do,&#8221; says McCracken. &#8220;But it should never come at the cost of your own financial peace of mind.&#8221;<\/p>\n<p><a id=\"elk-read-more\"\/><\/p>\n<h3 class=\"article-body__section\" id=\"section-read-more\"><span>Read More<\/span><\/h3>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.kiplinger.com\/retirement\/retirement-planning\/were-75-with-usd3-2-million-our-grandchild-needs-help-paying-for-college-but-its-not-our-fault-she-picked-a-school-thats-usd90k-a-year\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Image credit: Getty Images) Question: We&#8217;re 75-year-old retirees with $3.2 million. Our son&#8217;s pressuring us to help pay for our granddaughter&#8217;s college so she can avoid loans. It&#8217;s not our fault she picked a school that&#8217;s $90k a year! What should we do? Answer: It&#8217;s hardly a secret that obtaining a college degree is an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":105052,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow2JLhCw:productID":"","_gspb_post_css":"","maa_idioma":"","maa_pais":"","footnotes":""},"categories":[2725],"tags":[27335,6255,12567,27333,5197,27334,25927,4563,7858],"class_list":["post-105051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","tag-90k","tag-college","tag-fault","tag-grandchild","tag-million","tag-paying","tag-picked","tag-school","tag-year"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We&#039;re 75 With $3.2 Million. 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