Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plan Withdrawals for Housing Deposits and First Month Rent
In this episode of The College Savings Podcast, Lucas and Luna unpack a surprisingly common question from parents and students: can you use a 529 plan to cover a security deposit and first month's rent for off-campus housing? The answer is yes, but the details matter. They walk through the exact rules around room and board expenses for students enrolled at least half-time, how to handle refundable deposits when the lease ends, and what happens if the lease straddles two different academic years. They also share a real-world example of a family in Austin who used $2,400 from their 529 for…
The skinny
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