Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Giving kids annual tax free gift of $28,000
Why limit yourself to $28K per year?  If you pay the tuition directly to the institution, it does not count against your annual or lifetime gift-giving totals.  You could pay the entire tuition each year with no tax consequences. The only thing you can't do if you want to go this route is give the money to your children; that's what causes the gift tax to kick in.  The money must be paid directly to the school.