From the November 2008 issue of Boomer Market Advisor • Subscribe!

College funding and the grandparent dilemma

When it comes to college tuition costs, "Grandparents are ready, willing and able to help; parents just have to ask the question," says new research from The Hartford.

Sixty-five percent of grandparents want to contribute financially to their grandchildren's college education fund, but less than one-third have actually coordinated a formal plan with their children to do so. Still, as the study suggests, although they haven't thought out how to contribute, grandparents are proving to be generous, with more than half saying they want to give $10,000 or more.

Furthermore -- advisors take note -- more than 60 percent of grandparents say their children could benefit from a discussion with a financial advisor.

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