Tuition Units may only be redeemed for undergraduate tuition and schoolwide required fees

Tuition Units may only be redeemed for undergraduate tuition and schoolwide required fees

No. required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. Please see Rollovers to Another 529 Plan for more information on how to roll over funds to a 529 college savings plan so that they may be used for graduate school.

What can I do if there are Tuition Units left over?

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If you have accumulated more Tuition Units than you need to cover tuition and schoolwide required fees, required feesRequired fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or https://cashadvancecompass.com/installment-loans-mi/memphis/ year of study. you can:

  • Change the Beneficiary of your contract to a member of Beneficiary’s family. member of Beneficiary’s familySee the Plan Description and Master Agreement for details and consult your tax advisor to determine whether such a change creates a taxable gift or other adverse tax consequences for you or your Beneficiary. Weiterlesen