529 plans are a terrific way to save for an education. But did you know that you can expense more than just tuition for a qualified higher education institution? They generally include: -Tuition -Mandatory fees -Textbooks, supplies and required equipment -Room and board if the beneficiary is enrolled at least half-time in a degree, certificate or other program -Special needs educational services Note that paying off a student loan is not considered a qualified expense. For more information about 529 distribution, please see your financial advisor.
Posted on: Tue, 29 Jul 2014 14:26:24 +0000