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Straight Answer: 401K to pay for MBA Tuition Penalty Free?

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Intern
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Joined: 21 Aug 2011
Posts: 27
Concentration: Leadership, Finance
Schools: HBS '15, Stanford '15, Wharton '15, Sloan '15, CBS '15
GMAT Date: 04-02-2012
GPA: 3.79
WE: Corporate Finance (Investment Banking)
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Straight Answer: 401K to pay for MBA Tuition Penalty Free? [#permalink] New post 27 Mar 2012, 09:59
I need a straight Yes/No answer. Can you pay for your MBA Tuition from your 401K Savings, Penalty (10%) free?

Yes/No?
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Re: Straight Answer: 401K to pay for MBA Tuition Penalty Free? [#permalink] New post 27 Mar 2012, 11:07
From my research if I remember I came to the conclusion that I can roll over the 401k to an IRA then use the IRA to pay for tuition for qualified higher education expenses without the 10% penalty. Qualified higher education expenses I believe was limited to Tuition and Room/Board.
Re: Straight Answer: 401K to pay for MBA Tuition Penalty Free?   [#permalink] 27 Mar 2012, 11:07
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Straight Answer: 401K to pay for MBA Tuition Penalty Free?

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