<prompt> Human: Ive read about how the penalty for withdrawing it for other purposes can be reduced if she gets a full ride scholarship, but what is she simply decides to not go to college at all?What if she decides to enlist in the military or learn a trade? What are my options then, assuming I dont decide to name someone else the beneficiary?Edit: What I mean is, is there any way to avoid the penalty, such as rolling it into another account?  <response>: assuming I dont decide to name someone else the beneficiary?Theres nothing wrong with keeping it in her name and letting it sit until your grandkids need it. 5,000 invested at 7 for 30 years will give them 38,063, which in 30 years will probably cover the cost of textbooks for the first year. 