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If my child graduated from college in 2016, can I still use her Coverdell to pay back her student loans without penalty?
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June 6, 2019
4:41 AM
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Education
The payback of student loans is not an eligible expense for a Coverdell or a 529 plan withdrawal. Any fees paid for room and board during that last semester might qualify, though, if they were not already used for a credit or withdrawal in prior years.
June 6, 2019
4:41 AM