Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Study Abroad Semester Costs
In Episode 175 of The College Savings Podcast, Lucas and Luna dive into a topic many families overlook: using 529 plan funds for study abroad programs. With study abroad participation on the rise, Lucas explains the IRS rules that allow 529 distributions for tuition, room and board, and even airfare when the program is run by an accredited college. They walk through a real example of a semester in Madrid, showing how to document expenses and avoid penalties. Luna shares a cautionary tale about a friend who withdrew funds for a non-accredited language school and ended up with a surprise tax…
The skinny
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