Scholarship Stipend and 529 Plan

Rdtsmith
Tue, 05 Sep 2017 02:56:14 +0000

My DS has same scholarship (although an earlier more generous version) at UA as well as an engineering stipend. He gets a refund close to $2k last few semesters (each semester). The university has already paid everything on your bill to include room and board, fees, parking pass, football tickets, meal plan, etc all were covered by university. We used the overage for books and still had leftover. I’m probably not the best person to ask as I withdrew a little too much from the 529 last year when DS was off campus… according to our accountant. At tax time you’ll get a form from the school but of course too late to withdraw from 529 to make sure everything matches. This year should be easier since he’s on campus again so not pulling anything from 529. Wish I could explain it better!