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Yes, you can pay for your grandchild's college tuition.
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In the US, you can pay tuition, books, supplies, and housing costs. When the school receives your student loan, they will deduct your tuition cost from it and give you a check for the remainder.
Yes, grandparents can directly pay college tuition for their grandchildren without incurring gift tax consequences, as long as the payments are made directly to the educational institution.
Yes you can.