Quote:
Originally Posted by zetta
Also, with the 529, if your child decides to attend trade school (think plumber, electrician, medical technician) instead of college you can use the money in the plan.
If your family has to move out of state for any reason, you can use the 529 money anywhere in the country.
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Zetta,
Most prepaid tuition plans have a provision for doing a rollover into a regular 529 account of your own choosing. It looks like in the case of MET, the beneficiary has to either graduate high school or reach the age of 18 before a rollover can be accomplished.
LINK to MET Frequently Asked Questions
It also looks as if the MET plan can be used for out of state tuition without doing a rollover. (The MET plan would pay at a predetermined rate and beneficiary would have to make up the difference for out of state tuition rates).