All Rights Reserved. May Lose Value Qualified Expenses and Withdrawals.
Qualified expenses are college related expenses.
A withdrawal that is not for college expenses is considered a non-qualified withdrawal. The account owner is free to make withdrawals at any time. For students living on campus, the limit is the normal room and board cost of the institution. In order to use funds in the account for room and board expenses the beneficiary must at least be enrolled at half- time status. Account owners may withdraw funds from their account at any time.