Prepaid Tuition/Taxable Scholarships/AOTC question

BelknapPoint
Wed, 20 Feb 2019 14:31:53 +0000

There’s a lot to unpack here. If he had $58k in expenses ($50k tuition/fees/books + $8k room and board) and $47k in scholarships/grants to pay for those expenses, why did you take $13k from a 529 when all you needed to pay the balance was $11k? Was the 529 a pre-paid tuition plan?