British Expats
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British Expats (https://britishexpats.com/forum/)
-   The Trailer Park (https://britishexpats.com/forum/trailer-park-96/)
-   -   College Saving Plan (https://britishexpats.com/forum/trailer-park-96/college-saving-plan-906910/)

spouse of scouse Jun 24th 2018 1:37 pm
Re: College Saving Plan
 
Originally Posted by moi (Post 12521848)
You can pass it on to another sibling, a niece/nephew or yourself as far as I know. The worst case scenario you would then pay a 10% federal penalty as far as I know if you cashed it in.
Thanks :)

tom169 Jun 24th 2018 1:46 pm
Re: College Saving Plan
 
Originally Posted by spouse of scouse (Post 12521851)
Thanks :)
And if they do decide college and earned scholarships an equal amount can be removed from the account without penalty. Same if the beneficiary dies or is disabled.

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spouse of scouse Jun 24th 2018 1:47 pm
Re: College Saving Plan
 
Originally Posted by tom169 (Post 12521855)
And if they do decide college and earned scholarships an equal amount can be removed from the account without penalty. Same if the beneficiary dies or is disabled.

​​​​​
Thanks to you too Tom :)


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