Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Robotics Competition
In this episode, Lucas and Luna explore how 529 plans can be used to fund your child's participation in a robotics competition. They break down the specific qualifying expenses — from registration fees and travel costs to equipment and materials — and walk through a concrete example of a FIRST Robotics team. Lucas explains the IRS rules that allow 529 funds for educational enrichment activities tied to STEM, and Luna shares a real story of a family who paid for competition parts, hotel stays, and even a team shirt. They discuss the documentation you'll need to keep the IRS happy…
The skinny
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