<p>I asked this elsewhere but I seem to have the knack of stopping a thread in its tracks 
so I’ll try here.</p>
<p>If grandparents loan the money and then forgive the debt, as some suggest, does there need to be any paperwork or can it be a verbal agreement?</p>
<p>and where should the grandparents deposit the loan money–into child’s account, parents’ account or pay school directly?</p>