529 educational savings for deposit?

Discussion in 'Military Academy - USMA' started by bogie247, Apr 1, 2011.

  1. bogie247

    bogie247 New Member

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    Does anyone know if funds from a 529 educational savings plan can be used for the $2000 deposit? Without a penalty? Thanks.
     
  2. green4life

    green4life Member

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    529

    I'll just tell you what we have done. Son is now a Cow.


    529 monies were used for the $2,900 deposit (it's lower now) and we had a ... check sent directly to the USMA Treasurer FBO John Doe. they are extremely helpful in the USMA treasurers office. (845) 938-4262

    If your DS/DD is already appointed, I would suggest you read up on the "top off" process. I understand that families regurlarly send 529 monies to the cadet accounts and any excessive amounts are forwarded to the cadet ...the next October. I think. YMMV Do some reading on that.
     

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