Lifetime limit of $10,000 for the plan beneficiary and additional $10,000 per sibling of the plan beneficiary.Principal and interest payments toward qualified education loans of the 529 plan beneficiary or siblings of the plan beneficiary.
529 ELIGIBLE EXPENSES SOFTWARE
Software should be predominantly educational in nature.Must be used primarily by the 529 beneficiary and during years of enrollment.For off-campus housing, contact school's financial aid office for applicable cost of attendance amounts.Must be enrolled at least halftime (credit hours defined by school).Maximum amount is the greater of either 1) actual charge for residence in schooloperated housing or 2) annual "financial aid cost of attendance" room and board amount for that school.Must show connection to enrollment or attendance.Keep evidence of requirement (e.g., course syllabus).Items may be purchased from anywhere (e.g., Amazon).Required equipment, including tools for apprenticeship programs.K-12 eligible (eligibility varies by state).Department of Education's student aid program. College must be accredited and eligible for U.S.Subscribe to our Fearless Flyer newsletter > Get a once-per-month email packed with financial tips and resources to help you Plan Well, Invest Well, Live Well™ – The charts below provide an overview of some of the most common qualified and nonqualified expenses. But before you begin withdrawing those funds, it's important to understand the difference between qualified and nonqualified expenses. You've put in the hard work of saving for college, and now it's time to start using those 529 plan assets to help with a family member's education-related costs.
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