529 account for yourself?

[moose10]

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Hello,

Wondering if anyone has considered, since the recent rule change, creating a 529 account and funding it to make additional payments onto your own student loans? It looks like you can take a max of 10k lifetime from a 529 and apply it to student loan debt.

It seems like a logical thing to do to save a few bucks, but wondering if anyone on here spots some glaringly obvious problem with it?

Thanks in advance!

 

[mentos]

Isn't it still taxed going in? And not out? So what difference would it make

Tax free gains and withdrawals, and some states give deduction.