can you use 529 plan for study abroad

Best answer Distributions from 529 college savings planscan be used tax-freeto study abroad,subject to certain restrictions. In particular,the distribution must be used to pay for qualified higher education expenses at an eligible educational instit

Best answer


Distributions from 529 college savings planscan be used tax-freeto study abroad,subject to certain restrictions. In particular,the distribution must be used to pay for qualified higher education expenses at an eligible educational institution.

People also ask


  • Can 529 college savings plan distributions be used to study abroad?

  • Distributions from 529 college savings plans can be used tax-free to study abroad, subject to certain restrictions. In particular, the distribution must be used to pay for qualified higher education expenses at an eligible educational institution.

  • Where can you use 529 plan money tax-free?

  • You can use 529 money tax-free at any college that is eligible for federal financial aid, which includes more than 400 foreign institutions, says Mark Kantrowitz, of Savingforcollege.com. To look up eligible schools, go to www.savingforcollege.com/eligible_institutions.

  • Can I use a 529 plan to pay for a host school?

  • The host school must be approved by the U.S. Department of Education to be eligible for 529 funds. The student must also be enrolled at least half-time for their room and board costs to qualify. A 529 plan is a tax-advantaged savings account for education.

  • Can you use a 529 plan for room and board?

  • Note that for room and board to qualify, the 529 beneficiary must be at least a half-time student. And if the student chooses to live off campus, then their eligible room and board can exceed the school published cost of attendance estimate for those expenses. 1.

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