Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Student Housing During a Gap Semester
In this episode of The College Savings Podcast with Fexingo, hosts Lucas and Luna explore a niche but increasingly relevant question: can you use 529 plan funds to pay for housing during a gap semester or a break in your child's college enrollment? With more students taking a semester off for internships, travel, or personal reasons, parents often wonder if their tax-advantaged savings can still help. Lucas breaks down the IRS rules on qualified higher education expenses, explaining that room and board costs are only eligible when the student is enrolled at least half-time. He walks…
The skinny
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