<p>You can also spend it down as much as possible. After we realized UGMAs were not the best way to save for college we used our DSs’ to cover travel costs for college visits, laptops for college and, in one son’s case, a new instrument. Other big ticket items might include orthodontia, lessons and camps. (At the time we did this the options for 529 investments were very limited; I’m not sure if it would still make sense.)</p>