Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan to Pay for Your Child's Boarding School
Episode 64 of The College Savings Podcast: Lucas and Luna explore how 529 plans can cover K-12 tuition at private boarding schools, including room and board. They break down the $10,000 annual limit per beneficiary, discuss state tax implications, and compare boarding school costs to college savings goals. Using real numbers from a typical New England boarding school tuition of $65,000 per year, the hosts explain how to maximize the benefit and avoid penalties. They also touch on the difference between qualified K-12 expenses and college expenses, and offer strategies for families considering…
The skinny
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