Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Off-Campus Apartment Rental Costs
In this episode of The College Savings Podcast, hosts Lucas and Luna tackle a question many families face: can a 529 plan pay for your child's off-campus apartment? Using the real-world example of a University of Texas at Austin student paying $1,200 per month for a one-bedroom, they explain the 'cost of attendance' rule, how room and board limits work, and the penalty trap if you withdraw more than the school's official budget. Lucas breaks down the difference between on-campus housing and off-campus rentals, the documentation you should keep, and the one mistake that…
The skinny
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