Sentences with phrase «from qualified tuition plans»
Distributions from qualified tuition plans are also not counted as income.
http://www.finaid.org/ Not exact matches
(The distributions are reported as untaxed income to the beneficiary because section 26 USC 529 (c)(3)(B)(iv) of the Internal Revenue Code of 1986 treats distributions from a 529 college savings plan or other qualified tuition plan as distributions to the beneficiary, meaning that such distributions are (currently untaxed) income to the student.)
You may roll over funds from another qualified tuition program established under Section 529 of the Internal Revenue Service Tax Code to Franklin Templeton 529 College Savings Plan.
Money withdrawn from the 529 plan account can be used for a wide range of qualified higher education expenses, such as room and board, tuition, books, and computer equipment.