Which of the following statements is NOT TRUE regarding a Section $529$ college savings plan?

A Up to $$10,000$ per year may be used for K$-12$ tuition expenses.

A lifetime limit of $$10,000$ may be used to repay a qualified student loan.

Money must be used by the beneficiary's $30$th birthday or transferred to another family member.

The money may be used at the beneficiary's school of choice.