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529 Q & A
Most frequently asked investment questions about 529 Plans. See if your Question is answered.
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We conduct this survey annually to shed light on the college savings behavior of parents and grandparents, with a particular focus on usage of and beliefs about 529 college savings plans.
529 contributions being made for a current college student
We have two children in college at this time. Our son will no longer be consider a dependent after this year. May we continue to contribute to his 529 plan for college expenses as he will not graduate until May 2012 and may continue classes to achieve a higher degree. Also if the funds are not necessary for him can we transfer those funds to his sibling's account. Our state allows a tax deduction that maxs out at 3000 per account and we would like to continue receiving this deduction but are not clear due to his not being our dependent. Discuss
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