<prompt> Human: I have a friend with around 100k in student loan debt.Her Grandmother is very wealthy, also very old. The agreement was when granny dies, the money gets passed to her daughter my friends mom. How can my friends mother pay off the student loan debt if they arent a cosigner on it? Or can her mother only give her like 13kyr for tax gift purposes?  <response>: Gift tax is just the closing of an estate tax loophole. You report anything over the 14k threshold but you only pay taxes on dollars over your 5 million dollar lifetime limit. Your friend has nothing to worry about. 