Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Flight School Costs
In Episode 75 of The College Savings Podcast, Lucas and Luna explore an often-overlooked 529 plan expense: flight school. Federal rules allow 529 funds to pay for FAA-certified pilot training programs at eligible institutions, including Part 141 and Part 61 schools. Lucas breaks down the key distinction between recreational flying lessons and professional pilot certificates, and what documentation you need to avoid a tax penalty. Luna points out that the IRS treats flight school as a qualified higher education expense if the school qualifies as an eligible educational institution—but not all…
The skinny
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