Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Internship Expenses
In this episode, Lucas and Luna explore how 529 plans can cover internship-related expenses, a rarely-discussed qualified use. They break down the IRS rule on minor expenses while enrolled, using the example of a summer internship at a marketing firm in Chicago. Lucas explains that rent, travel, and even a laptop for the internship can be paid from a 529 plan if the student remains enrolled at least half-time. Luna shares data from a 2025 NACE survey showing 62% of internships are unpaid, making this a crucial funding option for families. They also discuss the distinction between expenses…
The skinny
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