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What happens if your child doesn’t go to college | Forbes
Source: Photo by Vasily Koloda on Unsplash

What happens if your child doesn’t go to college | Forbes

A 529 savings plans expert, Brian Boswell, explains the reasoning behind the question “what happens if my kid doesn’t go to college?” Boswell claims the most common motives for a parent to ask this question is because they are concerned that they will be penalized for non-qualified withdrawals from the college savings plans, or they don’t want to take the time to open an account. He recommends always saving, because it is better to save than to borrow. Instead of asking “will my child go?”, say “when my child goes.” Even having as little as $500 set aside encourages children to attend, especially when they come from low-income families.

Source:  https://www.forbes.com

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