Question

question 2 of 10
funds that are left over in a 529 account after all college expenses have been paid go back to whom?
a. the educational institution
b. the beneficiary
c. the account holder
d. the state government

Explanation:

529 college savings plans are owned by the account holder, who controls the account. After all qualified college expenses for the beneficiary are paid, any remaining funds are distributed back to the account holder (subject to potential taxes and penalties on earnings if not used for qualified expenses).

Answer:

C. The account holder