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Gochi
Censor Bewarse
Username: Gochi

Post Number: 86021
Registered: 07-2004
Posted From: 8.7.228.252

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Votes: 0

Posted on Tuesday, July 21, 2015 - 4:01 pm:

Nbklegend:
enroll ayina kid ki matarme amount pay chestharu, can't use for other kids. If they study outside usa they will not pay. And we can't use/ withdraw that money for other purposes. For example if we do not need money for education they will not give back us that money. Bottom line is only that child has to use and only in usa. Otherwise money will go to govt.

mee state lo alaa undemo nbk bro...maa state lo everything is possible...please go through this link and FAQ's

http://pa529.com/faqs/about-your-529-plan/beneficiary-does-not-attend-college/

What happens if my child does not attend college?
You have several options if your child does not attend college. One option is to change the beneficiary to a member of the family of the original beneficiary. Another option is to transfer the funds from the 529 account into the account of another, related beneficiary. A third option is to make a non-qualified withdrawal. Non-qualified withdrawals have certain tax implications and for a PA 529 GSP account, the valuation of the account will vary based on the type of withdrawal that you are requesting. For more information related to non-qualified withdrawals, please refer to the appropriate disclosure statement.

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