Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Can Cover Your Childs Fraternity or Sorority Housing
You might not think of Greek life housing as a qualified education expense, but the IRS actually allows 529 plan funds to be used for on-campus fraternity or sorority housing costs. In this episode, Lucas and Luna break down the specific rule that makes this work: the room and board requirement. They walk through a real example using the University of Alabama's Greek housing system, where annual costs can exceed $12,000, and explain how to document that the chapter house qualifies under IRS guidelines. You will learn the two conditions that must be met, how to handle meal plans through…
The skinny
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