Hello,
If a student is receiving scholarships for all 4 years of undergrad, can the parents take out the $ for $ scholarship monies without penalties at the end of the 4 years or are they required to take out the scholarship amount in the year the child receives the scholarship?
Example:
Child receives $5,000 a year for the next four years. Can the parents take out $20,000 in year 4 or do they have to take out $5,000 each year?
Thank you in advance!
Kelly