Thinking of Using Your 529 to Pay for KAMS?

piggybankMany prospective KAMS students may have a 529 college savings plan set up by their families to help pay for college.  If you have a 529 and are thinking of using those funds to pay for your out-of-pocket expenses of attending KAMS (such as the cost of housing in Custer Hall and a meal plan), KAMS strongly recommends speaking to your accountant and/or the company where your investment resides.  Since KAMS is an early-entry-to-college program & students will be dual enrolled in KAMS & their current high school, you will need to ensure that withdrawing money to pay for KAMS is allowed by your 529.  Additionally, in speaking to your accountant and/or company representative, you will be able to determine if the out-of-pocket expenses associated with KAMS are considered by your plan to be “qualified higher education expenses” that are allowed by your 529.

Advertisements
Explore posts in the same categories: KAMS Information

Tags: , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: