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College and University Discussion
Reply to "If you child gets a merit scholarship, how long"
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[quote=Anonymous]You can wait and use it for grad school if you want. You aren't required to draw it down at a certain point and as a PP noted you can use it for a younger kid. Probably best to use it for as may qualified expenses as possible so you don't pay the penalty though. Many of the things you listed aren't qualified expenses.[/quote]
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