![]() ![]() However, if you are paying for an apartment in which your student will live during school breaks (i.e., summer or winter break), then this is not a qualified expense and cannot be paid through the account. You can use your 529 plan to pay for your student’s on-campus housing or off-campus apartment rent. Yes, living expenses, including apartment rent and utilities, are considered qualified education expenses under Section 529 of the IRS Tax Code. ![]() ![]() So if you have a 529 plan for your child’s education or have one set up for yourself and want to use it to help pay for their college bills-including both on-campus housing and off-campus apartment rent-you can. Yes! Living expenses, including apartment rent and utilities, are considered qualified education expenses under Section 529 of the IRS Tax Code. If your child takes a semester off or drops below half-time status (even if only temporarily), they won’t be able to use your 529 plan to pay their rent until they go back to school full time again. However, in order to pay for off-campus housing with a 529 plan, you will need to make sure that the student is enrolled at least half time. Can a 529 pay for off-campus housing? Yes, living expenses, including apartment rent and utilities, are considered qualified education expenses under Section 529 of the IRS Tax Code. ![]()
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