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Ken's Saving for College Blog

By Ken Clark, About.com Guide to Saving for College

Tapping Your Kids' College Accounts... To Buy Gas?

Friday May 9, 2008
With the economy becoming ever more rocky, some parents may find it necessary to raid their kids' college funds to keep their lifestyle afloat.

Is that okay? Aren't there rules against that? What do you think?

I've put together a quick guide to the withdrawal rules for the three most used college accounts: UGMA / UTMA Accounts, Section 529 Plans, and Coverdell ESA's.

Take a moment to read the three page guide, then take a minute to post your thoughts in our forum.

Be sure to also sign up for our FREE weekly newsletter on everything related to college finances.

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