Which schools are eligible institutions?

Any postsecondary educational institution that meets accreditation criteria and is eligible to participate in Federal Student Aid programs is eligible. This includes institutions such as public and private colleges and universities; vocational, trade, technical, and professional institutions; and even some foreign schools. Check out a listing of eligible schools from the […]

2023-03-09T21:10:45-06:00April 28th, 2015|

What are qualified higher education expenses?

Qualified higher education expenses (as defined in Section 529 of the Internal Revenue Code) include:

  • Tuition, fees, books, supplies, and equipment required for the enrollment or attendance of a Designated Beneficiary at an eligible educational institution;
  • Expenses for room and board (with certain limitations) incurred by the Designated Beneficiary who are enrolled at least half-time;
  • […]

2023-03-09T21:11:38-06:00April 28th, 2015|

What can I do if I receive a refund from an Eligible Educational Institution?

If you receive a refund from an Eligible Educational Institution for Qualified Higher Education Expenses that were paid from money withdrawn from your Account, you can:

  • Pay for Other Qualified Higher Education Expenses – you can use the funds to pay other Qualified Higher Education Expenses incurred by that Beneficiary in the same calendar year.
  • […]

2020-04-16T12:53:05-05:00April 14th, 2020|

What are the limitations and restrictions of a 529 Rollover to a Roth IRA?

Effective January 1, 2024, CollegeCounts 529 assets can be rolled over directly into a Roth IRA.

IMPORTANT: The following limitations and restrictions apply:

  • The CollegeCounts 529 Account must have been maintained at least 15 years.
  • Only contributions (and any earnings attributable thereto) made to the CollegeCounts Account more than five years prior can be rolled over.
  • The Roth IRA rollover must be […]
2024-01-12T13:47:11-06:00January 12th, 2024|
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