Using a 529 education plan can be an easy way to pay for your child's . pay for a child's college expenses including tuition, books, and room and board. .

States or schools can sponsor a 529 plan. Most are open to residents of all . You can use this investment to pay for tuition, room and board, books, .

12 posts - 8 authors - Last post: Sep 26, 2007Or if you intentionally haven't funded the 529 at 100%, are you just paying tuition (plus room/board) and rationing the rest for the hard .

Some prepaid plans cover just tuition and fees; other plans will also pay for room and board. If you participate in a plan that does not cover room and .

Under current law, tax-free withdrawals from a 529 savings plan can be used not only for tuition but also to pay for room and board, books, etc. .

When you invest in a 529 plan, you can withdraw the money tax-free to pay for qualified education expenses—tuition, books, supplies, room and board, .

Apr 30, 2011 . Using a 529 Prepaid Tuition Plan in Texas allows you to buy credits today to use towards tuition, room and board at a specified time in the .

Earnings withdrawn from 529 plans to pay for qualified higher education . . ( The cost of room and board may be a qualified higher education expense if the .

A state 529 plan is a college savings plan named for Section 529 of the Internal . .. If you use your units for room and board, you can pay up to the total .

Feb 22, 2010 . Remember, there is a limit to how much can be withdrawn tax-free from a 529 plan to pay for room and board. The limit is determined by each .

Parents will need to pay for room and board, books and other fees. Some important things to think about before setting up a 529 Prepaid Tuition Plan: .

529 Plan Room And Board. March 23rd, 2011 . The salary you make as a teacher will make it hard to pay back the loans. You should only attend these elite .

Redemptions are also exempt from federal income tax if used to pay for qualified higher education expenses such as tuition, room and board, fees, books, .

And earnings and withdrawals will be tax-free as long as the money is used to pay qualified higher education expenses—including room, board, books, .

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529 account balances can be used to pay for tuition, room and board, fees, books and any other supplies necessary for attending a class. .

The Guaranteed Education Tuition Program is Washington's 529 prepaid college tuition . you can use your GET units to pay for room and board, books, .

The money can also be used for room and board, as long as the fund beneficiary is at . . to Minors Act (UTMA) account and then paying the tuition directly. .

The Independent 529 Plan, in effect, allows you to pay for the . as well as reasonable room and board expenses at any accredited undergraduate, graduate, .

Save for college, the 529 College Savings Plan, tax deferred investment . Pay for tuition, room and board, or books. Save with FDIC-insured bank products .

Furthermore, you'll pay no tax on withdrawals used to pay for college tuition, room and board. Section 529 plans are state-sponsored college savings .

The prepaid programs typically cover tuition and room and board. . Generally, withdrawals from 529 college savings plans can be used to pay for qualified .

Feb 3, 2010 . College costs may be soaring, but these goodies will make paying those . " Section 529 Plans," are a great deal, since withdrawals to pay the . tuition and fees (no room and board costs) plus 25% of the next $2000. .

The Internal Revenue Service created 529 educational savings plans in 1996 as a way to encourage . you may also use withdrawals to pay for room and board. .

May 15, 2011 . Your financial advisor or the 529 plan manager can help you set up the . child will attend and if you plan on paying for room and board. .

May 22, 2011 . Room and board costs often have specific rules that must be met, and . 529 Plan account and Coverdell Education Savings Account to pay for .

Aug 6, 2007 . Some plans allow you to purchase a room & board option or use excess . What fees and expenses will I pay if I invest in a 529 plan? .

It depends on the state that sponsors the 529 plan, and whether you're talking . funds in a college savings plan can generally be used to pay for these costs as . Room and board costs for students living on-campus are limited to the .

Qualified tuition programs (QTPs) are also called “529 plans.” . that allow you to either prepay or contribute to an account for paying a student's . The expense for room and board qualifies only to the extent that it is not more .

Feb 20, 2009 . One of the under-appreciated conveniences provided by a 529 plan is that you don 't have . even when you can show that the 529 money went to pay for that tuition. . Room and board. If the student is living off-campus, .

Jan 21, 2011 . In addition to tuition expenses, beneficiaries of a 529 education savings plan can use the proceeds to pay for fees, room and board, .

Transportation costs; Repayment of student loans; Room and board costs in .

This means that even if your child gets a full scholarship for tuition, you can tap your 529 Plan to pay for his or her room and board. .

The money from your account in New York's 529 College Savings Program Direct Plan can be used to pay for tuition, fees, books, certain room-and-board .

Mar 1, 2011 . 529 Plans can be quite overwhelming to figure out. . For example, if you want to pay for four years of tuition and room and board at .

529 Plan Defined - is a state-sponsored program designed to help finance . Pay for tuition, room and board, books, computers and required supplies. .

All eligible schools are now required to provide you with the price of what you will pay them directly (tuition, fees, and often room and board) and the .

4 posts - 3 authors - Last post: May 23On the other hand, a QTP (529 plan) can be used for room and board without paying taxes on it, and EE savings bonds can be cashed in for .

Jan 30, 2011 . Funds in a 529 account can be withdrawn at any time to pay eligible . Let's say you expect to pay $5000 toward college room and board this .

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Therefore, a distribution from a 529 savings account to pay off a student . plans can be used to pay for tuition, fees, books, supplies, room and board at .

CollegeAdvantage, Ohio's 529 college savings plan, has many benefits that make saving for college easy and . Pay for tuition, room and board, or books. .

Named for Section 529 of the Internal Revenue Code, 529 plans enable taxpayers . are invested to pay for an individual's college tuition, room and board, .

The money in them can be used for tuition, fees, room and board, books, and supplies. You can use the money to pay for expenses at any college. .

Apr 23, 2008 . Pay the tuition/fees with cash and you can claim the Hope credit if you qualify (income wise etc). For 529 withdrawal room and board is a .

529 college savings plans can be used to pay for most expenses at most colleges. . Savings plans can cover these same expenses, plus room and board .

For 2001-2002, The College Board® reported that room and board charges . .. You just can't use the credits to pay expenses paid with 529 or ESA money. .

Aug 27, 2009 . What expenses can I pay with money from our 529 college-savings account? . And you can also use the money tax-free for room and board, .

Apr 4, 2011 . I withdraw $11k from my daughter 529 plan to pay for room and board, How can I claim the expense on my taxes? .

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