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If your income is over 250K you will not qualify for any education benefits (credit or deduction). In order to qualify you would have to claim your grandson as your dependent and your combined income would have to be bellow 160k.
I really hate to deliver a bad news. Here's a quick summary what education tax benefits are available. http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center
However your grandson or whoever claims him as his/her dependent may claim education credit, even thought you paid the tuition/fees.
Let me know if you have any questions.