My son lives on campus this year but wants to move off campus next year. Can I still use his 529 funds to pay for it?
Yes. The costs of room and board are qualified expenses during any academic period during which the Beneficiary is enrolled at least half-time. The allowable amount of room and board expenses for students living on campus is the actual amount invoiced by the Eligible Educational Institution.
For students who live off campus or at home, the allowable amount for room and board expenses is the applicable room and board amount for that period used by the Eligible Educational Institution in determining its cost of attendance.
This thread has been closed. Have a financial question? Log in and ask our community!