Paddy Hirsch is a Contributing Editor at Marketplace. He is he is the creator and host of Marketplace Whiteboard, a video explainer of financial and economic terms, and he is the author of the book Man vs Markets, Economics Explained, Pure and Simple.
Hirsch joined Marketplace in 2007, just as the credit crunch that preceded the 2008 financial crisis began to take hold. As editor of the New York Bureau and the entrepreneurship desk, he spearheaded Marketplace’s financial markets coverage throughout the crisis and as the economy fell into recession. He was awarded a Knight Fellowship at Stanford University in 2010, and he returned to Marketplace in July of 2011, when he was appointed Senior Producer of Marketplace Money. He published his first book, Man vs Markets, in August 2012.
Hirsch got his start in journalism with an internship at the BBC in Glasgow, Scotland. He became a field producer for CNBC in Hong Kong and later was a consultant to the Open Broadcast Network in Bosnia. He has been an editor for Direct Capital Markets, Institutional Investor Newsletters, Standard & Poor’s, and the Vietnam Economic Times. Prior to becoming a journalist, he served as an officer in the Royal Marines.
Hirsch attended Campbell College in Belfast and received a bachelor’s degree in French and International Studies from the University of Warwick. He is a Knight Fellow and was a Webby honoree in 2009.
Features by Paddy Hirsch
Essentially, the listener wants to know if you can use a 529 plan to fund tuition at a foreign university.
The answer is, yes you can -- depending on the institution. To qualify, the school needs to be eligible to participate in Title IV federal financial aid programs. Most degree-granting four-year schools, junior and community colleges, and graduate schools will qualify, as will many proprietary and vocational schools.
Check to see if you can use your 529 money at the institution you're interested in by doing a Federal School Code Lookup at Savingforcollege.com. I searched to see if I could use 529 money to send a child to my alma mater. I typed "warwick" into the SCHOOL field, and picked FC for "foreign country" in the drop down box in the STATE field, and voila... I could indeed use money from a California 529 savings plan to send a lucky nice of nephew to the University of Warwick.