529 Plan and College Savings

Archive for January, 2009

Question: Pennsylvania 529 Plan?

i live in Pennsylvania. I am interested in opening Pennsylvania Guaranteed Savings Plan account (PA 529 Plan). My question is, what if during contribution either the account holder or the beneficiary moves out of the state. Will the account be closed ? If so, how about the fund ?

Thank you. Any help is appreciated.

Answer: No the account won’t be closed if the person moves out of state. They could care where they live, lol They don’t have to go to a school in the state either.

Eligible Educational Institution :
Nearly all colleges, universities, community colleges, law, medical or business schools qualify. Many career or technical schools and schools abroad are eligible as well. The school must be eligible to participate in the federal financial aid programs. For a list of schools, see http://www.fafsa.ed.gov/FOTWWebApp/FSLookupServlet.

Part 8 – Military Order of the Purple Heart Chapter 529 Dinner 2009