Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Child's Military Academy Costs
Lucas and Luna explore how 529 plans can cover tuition at U.S. military academies like West Point, Annapolis, and the Air Force Academy. They walk through the rules: tuition waivers don't reduce eligible expenses for room, board, and uniforms. Specific example: a midshipman at the Naval Academy pays about $12,000 a year in non-tuition costs, and 529 funds can cover those plus a laptop and travel. They also discuss using 529 funds for ROTC books and fees. Practical angle: how to coordinate a tuition waiver with 529 distributions to avoid penalties. Episode 63 of The College Savings…
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