MinhT1
Expert Alumni

Education

You can rollover your son's 529 plan to a new 520 plan with you as beneficiary. This rollover isn't taxable as it is a rollover for the benefit of a beneficiary's family member.

 

See this IRS document on page 53.

 

You can then use your 529 plan to pay your student loans up to a lifetime limit of $10,000 without having to pay taxes.

 

 

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