Can I use Savings Bonds for Education that are POD in my name?

April 28, 2009 by How Savings Bonds Work  
Filed under More Bonds Answers

Can you answer Ryan’s question about Bonds?:

My father recently passed away and he had $40,000 worth of savings bonds that he had purchased back in 1992. I am listed as the POD (Payable on Death) on them. Can I use these for education for myself? I would like to go back to school and it would be great if I could use these tax-free.

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