Can account holders use their IDAs to save for their childs post-secondary education?
While there are usually no prohibitions against saving for a child’s post-secondary education, in Utah there are other opportunities for families to save for this purpose. For example, a program known as the Utah Educational Savings Plan (UESP) is administered through the Utah State Board of Regents. Therefore, account holders in IDA Programs in Utah can be encouraged to use IDAs for themselves in ways that will benefit their children (first homeownership, business capitalization, their own post-secondary education), and to explore other options for funding their children’s education. Information on UESP is available at www.uesp.org or by calling 1-800-418-2551.
Related Questions
- Through the Home Education Unit, a learning account is opened for my registered child when they turn 15 and as they enter the senior phase of learning. Why do they do this?
- My child(ren) are ready to attend post-secondary education. Are there increased costs associated with this process?
- Can account holders use their IDAs to save for their childs post-secondary education?
