Hellobee Boards

@MrsMcD: Genius!!! I'm going to have to look into other under utilized college scholarships! We'll give piccolo a shot and that doesn't work. rowing it is!!! What about badminton? Or ping pong! Do they have ping pong scholarships?

Just adding my 2 cents here -- depending on the fund (look at your specific rules) you can transfer 529 accounts from one child to another. This is from Fidelity's website:

529 plans offer significant flexibility should the designated beneficiary (student) decide not to attend college. You can take out the money as a non-qualified withdrawal, but any earnings on non-qualified distributions are subject to federal income taxes at the recipient's rate as well as a 10% federal penalty. You can also change the beneficiary on your 529 plan account to eligible family members of the original beneficiary without incurring federal income taxes and the 10% federal penalty.

A family member is a person who has one of the following relationships with the original beneficiary: (1) son or daughter; (2) stepson or stepdaughter; (3) brother, sister, stepbrother, or stepsister; (4) father, mother, or an ancestor of either; (5) stepfather or stepmother; (6) son or daughter of a brother or sister; (7) brother or sister of a father or mother; (8) son or daughter-in-law, father or mother-in-law, brother or sister-in-law; (9) spouses of the individuals listed in (1)–(8) or the spouse of the beneficiary; and (10) any first cousin