<prompt> Human: A relative wants to gift 10K each to each of my 2 children, age 17 and 21. The younger one will be fllling out fafsa soon for college currently a senior in hs; will this gift affect her financial aid eligibility? Dont know if she should use it for college or put it into a Roth IRA or other account for long-term savings.The older one is graduating from college soon and will graduate with appx 10k total in student loans ,thanks to many scholarships, grants, and her working through college. Would it be best to use the gift to pay those off or to start to saveinvest? What are the best types of accounts for long-term, high-interest places to keep money for a young adult?Thanks for any advice or resources!  <response>: Younger: Can only contribute into a Roth IRA if the child has earned income at least equal to the contribution. Maybe just save it for college.Older: Pay off the loans to start working life without debt.Both: Treat relative to a thank-you event to describe how the gift has helped them. 