Author Topic: 529 Savings Account  (Read 3923 times)

Offline imayid2

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Re: 529 Savings Account
« Reply #40 on: July 11, 2022, 04:49:44 PM »
?
i have heard maybe enrolling the child in a accredited yeshiva or possibly getting a scholarship at the nonparticipating yeshiva?
If you have a friend or relative with a child in a credited school, you can ask them to allow for you to change the beneficiary to their child, pay their expenses with your 529, and have them reimburse you.

Offline ckmk47

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Re: 529 Savings Account
« Reply #41 on: July 11, 2022, 10:40:31 PM »
If you have a friend or relative with a child in a credited school, you can ask them to allow for you to change the beneficiary to their child, pay their expenses with your 529, and have them reimburse you.
The new beneficiary has to be related to the old one.
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Offline imayid2

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Re: 529 Savings Account
« Reply #42 on: July 11, 2022, 11:11:41 PM »
The new beneficiary has to be related to the old one.
Hm. Ok I see that. Would only help you if you there is an available sibling to switch it to, or even a first cousin.

Offline ckmk47

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Re: 529 Savings Account
« Reply #43 on: July 12, 2022, 01:20:02 AM »
Hm. Ok I see that. Would only help you if you there is an available sibling to switch it to, or even a first cousin.
kid in law too.
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Offline davidd75

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Re: 529 Savings Account
« Reply #44 on: July 12, 2022, 09:31:07 AM »
sure about that(cousin, in law?)
I thought only siblings?

Offline imayid2

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Re: 529 Savings Account
« Reply #45 on: July 12, 2022, 09:39:28 AM »
sure about that(cousin, in law?)
I thought only siblings?
I clipped this article from Eli Fried:

Online skyguy918

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Re: 529 Savings Account
« Reply #46 on: July 12, 2022, 09:50:28 AM »
sure about that(cousin, in law?)
I thought only siblings?
I clipped this article from Eli Fried:
From the actual NY529 site:
Quote from: https://www.nysaves.org/home/college-savings-articles/content-secondary-col0/beneficiary-skips-college.html
Eligible family members include the original beneficiary's siblings, parents, cousins, nieces, nephews, aunts, uncles, grandparents, spouse, and children.

Offline davidd75

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Re: 529 Savings Account
« Reply #47 on: July 12, 2022, 03:01:47 PM »
sadly no family members to switch it to :(