Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Gap Year Adventure
In episode 57 of The College Savings Podcast with Fexingo, Lucas and Luna explore a trend that's gaining traction: using 529 plan funds for a gap year before college. They break down the IRS rules that make structured gap year programs — like those offered by City Year, Outward Bound, and the National Outdoor Leadership School (NOLS) — qualified education expenses. The hosts discuss the 'less than one course per semester' test, how room and board costs apply when traveling, and the paperwork families need to keep. They also share real-world examples, including a student who…
The skinny
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