Are prepaid tuition plans available in all states? Can I use 529 plan funds for K-12 tuition nationwide?
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what is a 529 Informational
- What documentation is required for using 529 funds for fees? How do 529 plans handle the situation where the beneficiary receives a refund of prepaid tuition?
- Are there ongoing minimum contribution requirements for 529 plans?
- Can I use the funds in one 529 plan for multiple beneficiaries?
- Are there any penalties for withdrawing funds that are not ultimately used for qualified expenses?
- How does grandparent-owned 529 plan impact financial aid?
- What are the typical asset allocations in age-based 529 plan portfolios?
- How are 529 plan withdrawals coordinated with merit-based tuition discounts? What are the rules for using 529 plan funds for expenses related to a student's enrollment in a performing arts program?
- What happens to the ownership and beneficiary of a 529 plan in a divorce settlement?
- What documentation is required for using 529 funds for these programs? How do 529 plans handle the situation where the beneficiary receives a Pell Grant that covers a portion of their tuition costs?
- How do UGMA/UTMA accounts affect financial aid eligibility compared to 529 plans? What are the potential drawbacks of using a 529 plan for K-12 education?
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