Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Child's Gap Year Program
In Episode 36 of The College Savings Podcast, Lucas and Luna explore whether a 529 plan can cover expenses for a gap year program — think structured travel, volunteer work, or internships between high school and college. They break down IRS rules on qualified withdrawals, the difference between a legitimate educational program and a personal vacation, and how to document expenses to avoid penalties. Featuring a real example from a family using a 529 for a 10-week cultural exchange in Costa Rica, they explain what counts as 'room and board' when the student isn't enrolled at an…
The skinny
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