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John is planning on attending Texas A&M in the fall of 2018 and spring of 2019. He has received scholarships for the year totaling $4,500

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John is planning on attending Texas A&M in the fall of 2018 and spring of 2019. He has received scholarships for the year totaling $4,500 and the cost of attending Texas A&M is approximately $22,470 per year. Luckily for John, his parents have been contributing to a Coverdell ESA for most of his life. In 2015-2016, John may make a tax-free distribution from his Coverdell ESA of up to what amount? O $22,470 $17,970 $17,470 Amount is unlimited as long as it is used for qualified education expenses

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