Scholarship Stipend and 529 Plan

billcsho
Wed, 06 Sep 2017 00:42:00 +0000

Make sure you move the numbers around on a spreadsheet to make sure you have all qualified education expenses cover properly. If the refund amount is less than the R&B amount (which is is not on your kid’s school bill), it should be fine. But I would not go through the trouble and get the refund from school. Just pay the school and withdraw the amount of QEE you need from 529 to yourself. For me, it takes 1-2 weeks to get the money from 529 to deposit into the school account which sometimes cause trouble.