Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Child's Coding Bootcamp
Episode 29 explores a growing use for 529 plans: funding coding bootcamps and other non-degree tech training programs. Lucas and Luna break down the IRS rules on qualified expenses, how the TCJA of 2017 expanded 529 eligible programs to include certain certificate and credential programs, and the key requirement that the bootcamp must be offered by an accredited institution. They discuss the example of a typical 12-week coding bootcamp costing around $15,000, and how a 529 plan can pay for tuition, required equipment, and even some housing costs if the student is enrolled at least half-time…
The skinny
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