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Reply to "How to use 529 fund for college next fall?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Receive tuition bill. Pay it with 529 funds. Is there some hack that you’re looking for?[/quote] What we do is take a distribution from the 529 as a direct deposit to our checking account in the exact amount of the tuition bill, then pay the bill from that. Pay attention to the dates and make sure you're paying the bill and taking the distribution during the same calendar year.[/quote] This. It is a little tough when spring semester bills don’t become available until close to the end of the year. You need time to call 529 for the correct disbursement, wait for it to clear and then pay the college. Pay attention to what you can use the funds for. Safest to just use it for tuition room and board [/quote]
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