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College and University Discussion
Reply to "Paying for grad school after DS has received a scholarship for undergrad..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH wants to use son's college fund for retirement. We paid for undergrad for DD but it seems likely she will have significant assistance from her college for grad school. DH is operating from the position that money for grad school was not promised to either child. [/quote] But where did you keep that money? If you kept it in a 529, then it's not fungible for retirement. You can either spend it on this kid or her sibling's education. You can't just roll it over for retirement or other purposes. Maybe you can pay a fee to get your money out? Otherwise you're committing fraud. Also, didn't grandparents and relatives put money into that? You can't steal their gifts for your child's education and reassign it to your retirement account. [/quote] Who said it was in 529? Stop assuming, many people don't have that.[/quote]
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