Quote:
Originally Posted by Crowbob
I’d look into opening a 529 education savings plan for each grandchild owned by the parent(s) of each child.
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They all already have 529 plans. But again, I don't think individual stocks can be held in a 529 plan. It's the individual stock holdings that has me partially stumped. The 529s I've seen have always only allowed you to pick from a portfolio of mutual funds.
Threadjack: In retrospect, I should have opened 529 plans for my sister's children, and my sister should have opened 529 plans for my children. Then, when filling out financial aid forms (maybe not the FAFSA, but at definitely for the CSS profile), we could answer that we held no 529 savings for our children (because technically the 529 is assigned to the person opening the plan--usually a parent--and not the child). On one hand regarding financial aid, I understand the desire to help those who don't have a lot. But it also shouldn't be held against me if I saved for my children's college education over the years, and another family went on nice summer vacations instead.