Rules unclear (Student Loan) for grandparents' 529 plan

Rules unclear for grandparents' 529 plan
Dear College Money Guru, I just read your column about a parent saving for a child's education using a 529. What if it is a grandparent that opens the account?

Help them help themselves
Here are some tactics parents can use to help themselves and their children financially at any age, if need be:

SimpleTuition Raises $4.4 Million in Financing
BOSTON----April 14, 2006--SimpleTuition, a new company that will simplify the college financial aid process, today announced the completion of a $4.4 million Series A financing led by Atlas Venture and IDG Ventures Boston.

TIPS ON
TOUGH LOVE Here are some tactics parents can use to help themselves and their children financially, at any age: Don't be an ATM. There are loans for college, cars and homes but none for retirement. Don't put your own financial security at risk to help your kids.

Sallie Mae Gives Guidance on Selecting Student Loans for College
RESTON, Va., April 13 /PRNewswire/ -- A college education is an investment that creates an abundance of personal and professional rewards over one's lifetime.

Rules unclear for grandparents' 529 plan
It's hard to say whether their generosity might affect other grants, because regulations are poorly written and contradictory, says the College Money Guru.