Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using Your 529 Plan for Military Service Academies
Episode 94 of the College Savings Podcast explores a less-known but fully qualified 529 expense: tuition, fees, room, and board at U.S. military service academies like West Point, Annapolis, and the Air Force Academy. Lucas and Luna walk through how 529 funds can cover costs even when the student receives a full military scholarship, using the example of the Naval Academy's $15,000 annual room-and-board charge. They discuss the tax implications, the difference between a service academy and an ROTC program, and how parents can coordinate 529 withdrawals with the academy's mandatory…
The skinny
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