Using 529 funds for loans?

<p>We have a 529 for each of the kids. The first one just finished undergrad and has a few bucks left in the account. We plan to roll this down to the next kid in line. We plan to roll along extra funds (if there are any) until the last kid finishes. In the mean time kiddo#1 is starting grad school with loans. </p>

<p>Fictional scenario - what if we still have funds left after the last one finishes, can we use these funds to pay the loans that kiddo#1 is taking for grad school? I expect it will be about 8-10 years from know until we know if we will have any funds left. </p>

<p>Just wondering if you can use the funds for educational expenses that occured in the past to pay off those loans</p>