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Greateyes
Oct 10, 2011, 12:24 PM
My daughter get a social security check because her dad is disable. He was making direct payments to a Fl pre-paid college fund starting in 2004. Then 2 years ago he set it up so it would be taken from his bank account. I was told 3 months ago he could not put ss money into a pre-paid college fund. Can someone please shed light on this.

AK lawyer
Oct 10, 2011, 03:28 PM
You are confusing me. If he was making direct payments, which later became payments directly from his bank account, how do you figure this is "Social Security money"? Just because he received money from Social Security, and may have used that money to fund a college fund, doesn't make what he has been paying "Social Security Money". It is, when he pays it into the fund, his money. Where he got it is immaterial.

If Social Security were to pay into the college fund directly, then I have no idea if what you were told, something to the effect that this cannot be done, is or is not correct.

twinkiedooter
Oct 10, 2011, 05:39 PM
I see no problem with using SS money to go to a prepaid college fund. Where or who gave you this misinformation?