Rethink Holiday Cash Gifts Earmarked for Education

LITTLETON, Colo., Dec. 15 (SEND2PRESS NEWSWIRE) — Many people are worried about skyrocketing college costs. As a result, parents of high school seniors often suggest that grandparents make donations to junior’s college fund in lieu of holiday gifts. Reduce My College Costs, LLC warns that this is not a wise solution. While many older generations want to help the younger set with the financial burden of education, their generosity may devastate their family’s finances.