Can You Pay Student Loans With 529 Plan Funds?

| April 17, 2019

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FIRST INTRODUCED IN 1996, 529 college savings plans offer parents a way to save for college expenses for a designated beneficiary. They are exempt from federal taxes and some states offer special tax benefits as well. And yet, studies show fewer than 1 in 5 people have a 529 plan.With the growing number of people facing student loan debt, it's worth asking how flexible the funds in a 529 plan are and whether a borrower can pay back student loans with them.

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Creative Education Ltd

Creative Education is the UK's largest independent provider of teacher CPD courses.We provide the training, senior leaders and consultancy services that are raising standards in thousands of schools and colleges across the country and internationally.Operating across the UK we have 1200 different course titles on anything from premises management, to classroom strategies, to leadership issues. We help schools across the country boost their performance to meet the many challenges ahead.

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Spotlight

Creative Education Ltd

Creative Education is the UK's largest independent provider of teacher CPD courses.We provide the training, senior leaders and consultancy services that are raising standards in thousands of schools and colleges across the country and internationally.Operating across the UK we have 1200 different course titles on anything from premises management, to classroom strategies, to leadership issues. We help schools across the country boost their performance to meet the many challenges ahead.

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