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What COVID-19 college refunds and online classes mean for 529 plans

Graduation mortar board cap on one hundred dollar bills

Parents should consider putting partial refunds back into 529 accounts or applying it to fall tuition – unless students take a gap year

Many colleges and universities are reimbursing spring-semester fees, and for families that paid those costs with 529 plan assets, there can be tax consequences.

After closing campuses and moving classes online, schools are rebating some costs, mostly for room and board. After receiving those chec

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