I currently have college savings in a 529 plan (New Hampshire). Recently, Texas started the Texas Tuition Promise Fund which is a prepaid college savings plan. I would like to roll the money I have saved in the 529 and buy into the prepaid plan. I have been searching but haven't found out if this is possible. Any thoughts ?
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1 Answer
You would have to make a non-qualifying withdrawal from the 529 plan to then contribute to the Texas Tuition Promise Fund.
This would incur penalties on your withdrawals.
