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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (100403)	4/28/2004 10:52:44 PM
From: Dave Feldman	Read Replies (1) \| Respond to of 132070

I was wondering if anyone here could help a friend who has a grandson entering college in the Fall. My friend bought series E bonds, starting almost 40 years ago (I'm not sure when he stopped buying these bonds -- they were part of an automated payroll deduction). They are made out in the name of his wife and son. My friend would like to help pay for his grandson's education. Is there any way to get any advantages taxwise if the money is used for educational purposes. Both the wife and son totally support giving the money to the son. The grandson has no income to speak of, if that matters. I consulted the FAQ at the U.S. Savings Bond center online, and got more confused than before I started. Thanks.