Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Internship Related Expenses
Lucas and Luna explore how 529 plans can cover internship-related costs in 2026. They discuss the IRS rules on qualified expenses, including travel, housing, and equipment, using the example of a student interning in San Francisco. They explain how to document expenses, the importance of the university's co-op or internship program, and the limits on room and board. A practical guide for parents and students navigating the gap between academic credit and real-world work experience, with tips on avoiding penalties and maximizing tax-free withdrawals.
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The skinny
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