His Dad Took Out $70K in Parent PLUS Loans and Didn’t Tell Him
The Ramsey Show
Using excess 529 funds for adult children
Caller asks how to transfer surplus 529 funds after scholarship; hosts discuss options like rolling to Roth, brokerage, or using funds for meaningful support.
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Ken Coleman and Jade Warshaw answer your questions and discuss:
- “Should I be paying off the Parent PLUS loan my dad took out?”
- “My husband and I feel behind. We don’t have a house or retirement savings and we’re $50,000 in debt”
- “Should I switch to a job that will pay more but I will enjoy less?”
- “We have money to pay off a car loan but also have a newborn, is it wise to pay off the car loan now or should we wait?”
- “I was recently laid off from my job and have an opportunity to help a scrappy startup. Should I take it?”
- “How do we teach our 6 year old daughter about contentment?”
- “My mom recently passed away and I am taking care of my siblings that are still minors. What should I do with her house?”
- “Should I use $8k from savings to publish my book?”
- “I’m living in a one bedroom apartment and about to have our second child. What should our next housing move be?”
- “I have $50,000 in savings at 21 years-old and I’m unsure what to do with it”
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