In addition, although you'll be investing in a 529 plan sponsored by the State of New York, the student can attend any eligible educational institution in the United States or abroad. Flexible use of savings When used for higher education expenses at eligible educational institutions, money can be used to pay for tuition, certain room-and-board expenses, books, supplies, and the expenses for the purchase of certain computer equipment, software, and computer-related services. What is a 529 college savings plan?. It's a type of investment account you can use for higher education savings. 529 plans are usually sponsored by states. Are room and board qualified education expenses? Yes, 529 funds can be used for room and board, whether you're living on-campus or off-campus. Room and board is a qualified education expense under 529 plans up to your school's cost of attendance.
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- New York (NY) 529 Plans | Fees Investment Options
- Can Your 529 Plan be Used to Pay for Room & Board? - Saving for College
- State Tax Benefits | NY529 Advisor
- NY's 529 College Savings Program - OPA
- 529 basics | NY 529 Direct Plan
- New York 529 | NY College Savings Plan
New York (NY) 529 Plans | Fees Investment Options
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State Tax Benefits | NY529 Advisor
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