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07/22/2014 10:48 am ET Updated Jul 22, 2014

Here's How To Get Your Parents To Pay For Your Kids' Education

Camille Tokerud via Getty Images

Many grandparents want to help their grandchildren pay for college, but don’t know the best ways to do that. Good news: They can make those contributions while reaping financial advantages for themselves.

Nearly half of grandparents expect to contribute to their grandkids’ college savings, with more than a third expecting to give $50,000 or more, according to a 2014 Fidelity Investments study. That generosity can also be channeled toward significant tax and estate planning benefits for the grandparents.

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