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[quote=Anonymous]I am wondering the same thing. My kid is a sophomore, and I can pay for two years with 529s and can pay the rest out of pocket. I'm leaning towards just paying out of 529s first, draining those accounts, then moving to investments to pay for senior year. My thought process is that I can only use the 529s for one thing, and I may as well use it now and use them all up. For my other sources of funds - a small Roth IRA, I bonds, and other mutual funds - I will have to pay taxes on the earnings, but I can adjust to pick the funds that have the lowest taxes, and I have flexibility on which ones I use. And I don't pay a penalty if I end up not using all the funds I have allotted for college. The alternative is that if I let the 529s sit for two more years and use those last, I get two extra years of non-taxable gains. [/quote]
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