One workaround is to wait
until after the grandchild graduates and then give a graduation present to help pay off the grandchild's education loans.
To get around this problem, you might use the 529 to pay college
expenses after your grandchild has filed his or her final aid application, so the 529 withdrawal won't affect aid eligibility.
These lenders not only can
come after your grandchildren's personal assets — if they default on these loans because of unemployment or their inability to negotiate lower payments — but they can also sue their parents if they've cosigned the loan.
Grandparent ruling wrong Hamilton Spectator - Hamilton, ON, Canada The issue is a temporary - care allowance for people looking
after their grandchildren because the parents are unable to do so.
In addition, in Korean society, older women not only feel more of an obligation to take care of their husbands and children but also must look
after their grandchildren by the request of their working sons and / or daughters.
One grandmother,
after her grandchildren moved out of state, made a mini-photo album of their time together each time her grandchildren came to visit.
Some older people are still looking
after grandchildren.
Although they want to look
after their grandchildren they also feel grief at losing their old lifestyle and freedom.
The group focuses on providing support to grandparents who are looking
after their grandchildren, although other kinship carers are always welcome.
Many had to give up good jobs to look
after grandchildren or siblings, and those that were retired were living on their pensions alone.