- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How much is enough in the 529 accounts?
Posted on 10/5/20 at 6:04 pm to ashy larry
Posted on 10/5/20 at 6:04 pm to ashy larry
Are there any stipulations as to what the money can be applied to? Like room and board? Transportation, etc. Or is it basically just tuition only?
This post was edited on 10/5/20 at 6:05 pm
Posted on 10/6/20 at 9:28 am to Triple Bogey
My daughter has a loan at 1.5%, anything can happen so don’t oversave in 529, just do enough that it takes the impact away when they go.
Biden going to give you some free too....
Biden going to give you some free too....
Posted on 10/6/20 at 10:32 am to Triple Bogey
quote:
Are there any stipulations as to what the money can be applied to? Like room and board? Transportation, etc. Or is it basically just tuition only?
LA Start FAQs
quote:
What are the expenses that can be paid with START account funds?
These funds may be used to pay Qualified Higher Education Expenses, which are limited to the following:
Tuition
Fees
Books
Supplies
Equipment
Room and Board (if the student is attending on at least a half-time basis)
Expenses for "special needs"
"Room and board" is different for each college. For 2019-2020, I believe LSU was roughly up to $12k per year. So you could withdraw $12k per year per student for room and board. My kids aren't near the age yet so maybe someone with experience can explain how easy this works. I think on-campus expenses can be withdrawn to the exact amount. However, I'm not sure if off-campus living expenses have to be 'proven'.
Popular
Back to top
Follow TigerDroppings for LSU Football News