Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans Cover Your Childs College Application Fees
Lucas and Luna explore a lesser-known 529 plan expense: college application fees. With the average student applying to 8-10 schools, application fees can total $500-$1,000. Lucas explains how the Tax Cuts and Jobs Act expanded 529 qualified expenses to include fees for admission applications, testing (SAT/ACT), and transcript submission. Luna shares her own experience helping a nephew navigate the process. They discuss how families can use 529 funds strategically—paying fees from the account directly or reimbursing themselves, and the importance of keeping receipts. The episode also covers…
The skinny
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