I spoke to a couple of reps a while back when researching the program. They said yes, you can get the money out and put them into any 529 program. Fearing paperwork I asked about it and they said there wasn't any, So there is no obligation to re-deposit the money anywhere specific. You can just keep the cash. Must admit the savings for education slant is clever and I am seeing the Upromise symbol more and more often these days.