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re: kid starting kindergarden in 4 weeks
Posted on 7/22/14 at 8:17 am to lsufan1971
Posted on 7/22/14 at 8:17 am to lsufan1971
quote:
529 plan.
Sort of a tangent here, but does anyone use the CollegeCounts 529 Visa Card? I'm considering it over my discover card due to the 1.5% cashback directly into the fund. I am curious about taxes though, say my daughter gets a full scholarship, what happens to the fund as far taxes are concerned if that money is no longer needed?
1
Posted on 7/22/14 at 8:29 am to vuvuzela
quote:
say my daughter gets a full scholarship, what happens to the fund as far taxes are concerned if that money is no longer needed?
you can use it for books, living expenses, university fees, etc
or transfer it to another child
college still costs money with a scholarship
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