Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans for International Universities and Study Abroad Costs
In this episode of The College Savings Podcast, Lucas and Luna explore a frequently overlooked question: can 529 plan funds be used for international universities and study abroad programs? They walk through the specific rules set by the IRS and the Department of Education, including how foreign schools qualify as eligible institutions, what expenses are covered for study abroad semesters, and the tax implications of currency exchange and foreign bank accounts. The hosts discuss a concrete example of a student attending the University of Oxford and break down the $95,000 annual cost versus…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.