What COVID-19 College Refunds and Online Classes Mean for 529 Plans

The American College of Financial Services
InvestmentNews
May 12, 2020

Colleges across the nation were forced to send students home early due to the COVID-19 pandemic, and because of this, many are also giving out refunds for unneeded room and board expenses. If families using 529 savings plans to pay for college aren’t careful, those refunds could end up causing them tax headaches.

CFP® program director Ross Riskin, an expert on college financial planning, says there are several things advisors and clients can do with those refunds to make sure nothing goes to waste. Get his tips and tricks in this article from InvestmentNews.

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