529 plan distributions - Spidell

529 plan distributions

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Message Board 529 plan distributions

This topic contains 1 reply, has 2 voices, and was last updated by Sandy Weiner 2 months, 1 week ago.

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  • #158700
    Anonymous

    Can you use a 529 plan to pay for a foreign university?

  • #158747
    Sandy Weiner
    Participant

    I believe it can if it is part of a qualified study abroad program. An eligible educational institution for purposes of 529 plans is one that is eligible fr Title IV higher federal education aid. According to some articles there are close t 100 foreign colleges that qualify. You can find out if it does by looking at the U.S. Federal Student Aid Code List on the IRS’s website: https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eligible-educational-inst