The dream of higher education often comes with the hefty price tag of student loans. Many families diligently save for college using 529 plans, but what happens when unexpected circumstances arise, leaving graduates burdened with debt? This guide explores the complexities of using 529 plan funds for student loan repayment, examining the limitations, tax implications, and viable alternatives. We’ll navigate the legal landscape and offer practical financial planning advice to help you make informed decisions about your educational funding. While 529 plans are primarily designed for qualified education expenses like tuition and fees, the question of their applicability to student Read More …