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!
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!