Anonymous
Not applicable

How much should I withdraw from 529?

Hello. I would greatly appreciate any help on calculating how much I should withdraw from a 529 account.

 

  • My daughter is in her 5th year of college
  • We have taken the American Opportunity Credit the previous 4 years

Below are her approximate expenses for 2023:

  • Tuition and Required Fees 10,034.21
  • Room and Board  9,678.00
  • Combined = Total Qualified Expenses  19,712.21
  • Scholarship received  1,550.00

Thank you.