Thanks for the updated info, this was traditionally conformed to the $10K level with money laundering. The student would not be 'in business' so it would be tax

Thanks for the updated info, this was traditionally conformed to the $10K level with money laundering. The student would not be 'in business' so it would be taxable at the level of the parent only (no business entity), and not be booking the gift as income presumably (no employment or services renedered). I'm not sure if the married parents are each able to gift out of the estate or not, again this may have been revised.