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College and University Discussion
Reply to "Tapping into 529: the nitty gritty steps "
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[quote=Anonymous]When we were using up the Coverdell ESA, we wrote a check to the college and then reimbursed ourselves from the Coverdell. Now that the Coverdell is empty we send a request to the 529 to send a check to the college which does not accept electronic transfers at this point. Child is at a private small liberal arts college. We pay the spring semester in the fall and there’s a box that the college checks to let the government know that payment was for the following year. I did do a fair amount of research into the AOTC and lifetime learning credit so I understood how to maximize those in our particular tax situation. We are also continuing to contribute since our child is interested in a professional or graduate program post college. [/quote]
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