If you have a grandchild in college, you may be wondering how to pay for their education. Fortunately, there are several ways for grandparents to pay for college. One option is to write a check to the college or university in which their grandchild is enrolled. Grandparents who have recently completed their own retirement savings goals will find this option beneficial. Additionally, the benefits of direct payment are clear to everyone. The benefit of a 529 plan is that the school will not consider the amount of money that grandparents have saved.