What happens to those college fund saving accounts if the intended decides not to go to college?

1 Answer

Answer :

answer:Most programs have ‘opt out’ clauses that tell you how to get out of them, and what you need to do with the proceeds. Most of the college fund savings accounts are set up with pretax dollars, so there will likely be a substantial tax penalty at the least. Most college fund accounts are also useable at trade and vocational training centers.

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