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The Short Answer

Grandparents: Study Up on How Best to Help With College Costs

Options include cash gifts and funding a 529, but beware the financial aid impact.

Note: This article is part of Morningstar's October 2013 College-Savings Boot Camp special report. An earlier version of this article appeared Sept. 18, 2012. 

Question: I want to help my grandchildren pay for college, but I don't want to affect financial aid eligibility. What's the best way to help?