There are exceptions to the 10% penalty—For illustration, When the beneficiary receives a scholarship or attends a US military services academy. Any earnings would still be subject matter to federal income tax and any state and native taxes. A 529 approach is technically a custodial account, so an Grownup custodian https://devineiifa.ageeksblog.com/34022611/the-definitive-guide-to-529-loan