Customers affected by Hurricane Matthew: learn more about submitting a claim online or call 866-COUNTRY when it’s safe to do so. We’re here for you. 

What if I withdraw money from a retirement account to pay for college expenses – will it count toward financial aid?

Yes. In most cases, the entire withdrawal (principal and earnings) counts as income on the following year’s aid application.

Before you resort to this, though, remember – you can take out loans for a child’s education. You can’t get a loan for retirement, so if possible, avoid this temptation.