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A Parent’s College Savings List – Part 3 Beneficiaries, Distributions & Qualified Expenses
It’s vital to research college savings options carefully, just as you would research any investment opportunity. The following are a few of the many investment questions you should ask about each college savings option presented here:
Beneficiaries
What happens if the child dies or becomes disabled?
Can you change the beneficiary? Are there any restrictions on who can become the new beneficiary?
Distributions and Qualified Expenses
What happens if the child decides to not go to college?
What happens if…
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- A Parent's College Savings List - Part 2 Contribution Investment Limits & Eligibility
- A Parent's College Savings List - Part 3 Beneficiaries, Distributions & Qualified Expenses
- A Parent's College Savings List - Part 4 Tax & Financial Aid Implications, Misc. Items
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- 20 Easy Ways for Students to Save
- A Parent's College Savings List - Part 1
- A Parent's College Savings List - Part 2 Contribution Investment Limits & Eligibility
- A Parent's College Savings List - Part 3 Beneficiaries, Distributions & Qualified Expenses
- A Parent's College Savings List - Part 4 Tax & Financial Aid Implications, Misc. Items
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