The age of majority, typically 18 in most jurisdictions, is when a parent generally loses the legal right to manage a college education fund on behalf of their child. At this age, the child is considered an adult and can make their own financial decisions. However, the specific management rights may vary depending on the type of account or fund, such as a custodial account, which may have different rules regarding control and access. It's important to review the terms of the specific education fund for any additional stipulations.
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