J
June
Guest
My 17 year old son's grandfather put some money into a fund that has just recently matured. He now has $12,000 toward his college expenses, but this will count against him for any financial aid he could get. Someone told us that we should put it into a 4-year irrevokable trust and he could get college loans until he graduates. When he graduates, his $12,000 would have grown and he would have more $ to help pay off his loans. Is this a good idea, or is there something better? Thanks!