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Is there a time limit for using the assets in a CollegeAmerica account?

April 26, 2017account assets collegeamerica limit time

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Is there a time limit for using the assets in a CollegeAmerica account?

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Yes. The account owner must use the assets in the account or designate a new beneficiary within 30 years after the beneficiary graduates from high school or within 30 years after opening the account, whichever comes later. Requests for an extension of this time limit will be considered on a case-by-case basis.