Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Study Abroad Program
In episode 69 of The College Savings Podcast, Lucas and Luna dive into a specific and underused angle of 529 plans: paying for study abroad programs. They break down the IRS rules on qualified expenses abroad, including tuition, room and board, airfare, and even health insurance. Lucas highlights a real-world example of a family who used their 529 to fund a semester in Barcelona for $18,500, saving over $3,700 in taxes and penalties compared to withdrawing early. They also discuss the differences between direct enrollment and third-party programs like CIEE or API, and caution about currency…
The skinny
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