Can my child use the funds from the Lansing SAVE account for any kind of cost? Does it have to be tuition?
Your Lansing SAVE account is a CSA (Children's Savings Account), and strict rules apply to these kinds of programs. All savings are dedicated to postsecondary education after high school. This includes tuition for college, community college, or other kinds of training programs. It can also be used for books and other education-related expenses.
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MSU Federal Credit Union
savings are Federally insured to at least $250,000 by the NCUA
and backed by the full faith and credit of the United States Government.
APR = Annual Percentage Rate. APY = Annual Percentage Yield.
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