Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Can Cover Your Childs Off-Campus Internet and Phone Bills
In this episode of The College Savings Podcast, Lucas and Luna dive into the often-overlooked expense of off-campus internet and phone bills and how 529 plans can cover them. They break down the IRS rules on qualified room and board expenses, explaining that internet service and a single phone line for a student living off-campus can qualify as part of a 'reasonable' room and board allowance. They use a concrete example: a student at the University of Texas at Austin with a $16,500 cost of attendance allowance for room and board, showing how a $70 monthly internet bill and a $50…
The skinny
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