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College and University Discussion
Reply to "Anyone considering universities abroad?"
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[quote=Anonymous][quote=Anonymous] We have been saving in 529 - we started only a couple of years ago (didn't have the ability before then) and our kids are 13 and 10 now. You don't mention if you have more than one child, but one factor in favor of 529 plan is that if you don't use the $ for one child, it can be used for the other. Also, I believe it can be used for any qualified educational expenses, so that includes grad school ([b]and possibly private high school[/b]). We are not saving beyond the cost of attendance of our instate flagship (UMD). [/quote] No, you cannot pay for private high school (or elementary school, for that matter) using a 529. You can use a Coverdell account for that, but can't put nearly as much $$ into a Coverdell.[/quote]
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