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Originally Posted by Ben E Lou
Question about the various student loan debt forgiveness and free/heavily reduced college plans that may or may not come to pass before 2034ish, when I stop caring: what do these plans say about what happens to 529 accounts that could end up having "too much money" in them? Right now we're saving for "if y'all do in-state public and graduate in 4, you'll have no debt," so it wouldn't be an insignificant tax hit if there's not some sort of allowance for that. Any others with small children factoring that in?
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I would press forward. There may be changes in the future, but there may not be as well. My guess will be if those programs became obsolete, they would let you roll into a 401k or some other tax-deferred vehicle and not slap you with a big punitive penalty.