Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Off-Campus Meal Plan Costs
In this episode of The College Savings Podcast, Lucas and Luna explore a frequently overlooked expense: off-campus meal plans. While 529 plans have long covered on-campus room and board, the rules for off-campus food costs are less clear. Using the example of a student at Arizona State University who lives off-campus but buys a university meal plan, we break down when those costs qualify as a qualified education expense. We also discuss the IRS requirement that the student must be enrolled at least half-time, and how the cost of a meal plan must be no more than the on-campus equivalent. Plus…
The skinny
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