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Financial Planning / Paying For College


Subject:  Re: 529 and tax credits Date:  1/11/2013  12:08 PM
Author:  comorgan Number:  8014 of 8480

if they need a computer for high school, or they are in summer camps, you can use the custodial money to pay for that.

My understanding is:

1. 529 money cannot be spent until the student is in college
2. even if the student is in college, 529 money cannot be spent on a computer unless the college requires that students have their own computers

Maybe I misunderstood what is meant by "custodial money".
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