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What is a qualified rollover to another qualified tuition program?

April 26, 2017program qualified rollover tuition

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What is a qualified rollover to another qualified tuition program?

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Federal tax law permits one tax-free rollover in any 12-month period from an account in one qualified tuition program for a designated beneficiary to an account in another qualified tuition program for the same designated beneficiary. To initiate a rollover from your MFESP Account, please use the forms provided by the receiving institution. CD redemptions prior to maturity may result in Bank-imposed penalties.

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Federal tax law permits one tax-free rollover in any 12-month period from an account in one qualified tuition program for a designated beneficiary to an account in another qualified tuition program for the same designated beneficiary. To initiate a rollover from your AFCSP Account, please use the forms provided by the receiving institution. CD redemptions prior to maturity may result in Bank-imposed penalties.