all of the following are true about qualified tuition programs except

O Qualified Tuition Program Mark for follow up Question 49 of 75. All of the following are true about qualified tuition programs EXCEPT: Funds may be used for room and board of a student enrolled at least half-time. There is no income limit for contributors. O Accounts must be set up with the beneficiary's state of residence. O Up to $10,000 per year may be used for elementary or secondary school tuition. Mark for follow up Question 50 of 75. Which statement about the American Opportunity Tax Credit and the lifetime le Amortion of the American Annar nits. Tay Creditie a refundable credit