Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Room and Meal Plans
Episode 166 of The College Savings Podcast digs into a question every family with a freshman asks: can 529 plans really pay for the campus dining hall? Lucas and Luna break down the IRS rules on room and board for on-campus and off-campus housing, explain the crucial difference between a student living at home versus in a dorm, and walk through the tricky part about how much you can withdraw without triggering a penalty. They use a concrete example of a family with a $18,500 meal plan and housing contract to show how the numbers work, and they flag the common mistake parents make when they…
The skinny
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