What If My Child Decides Not to Go to College?
Raise Education is designed to be flexible, ensuring that funds can still be used even if a beneficiary decides not to pursue a traditional four-year college degree.
Alternative Uses for Raise Education Funds
- K-12 Tuition: Funds can be used for tuition at eligible private or religious K-12 schools.
- Apprenticeship Programs: Registered apprenticeship programs that meet federal guidelines are eligible for funding.
- Trade Schools & Vocational Training: Funds can be applied to technical and trade schools for careers in fields like healthcare, mechanics, and skilled trades.
- Student Loan Repayment: A portion of funds can be used to pay down qualified student loan debt.
- Changing Beneficiaries: If the original beneficiary chooses not to use the funds, you can transfer the account to another eligible family member.
- Non-Qualified Withdrawals: If no other option is used, funds can be withdrawn for non-educational purposes, though they may be subject to taxes and penalties.
Why It Matters
Raise Education provides families with flexible savings options so that funds remain useful even if plans change. Understanding these alternatives ensures that contributions continue to support meaningful educational or career development paths.
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