529 Plan Qualified Expenses. You may elect to pre-fund the plan with a lump-sum payment over. Qualified expenses include not only tuition and fees, but also room and board, books and supplies, computers and software, as well as other So, now you know: qualified education expenses include much more than tuition.
Prepaid tuition plans allow the account.
Savings plans grow tax-deferred, and withdrawals are tax-free if they're used for qualified education expenses.
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You may elect to pre-fund the plan with a lump-sum payment over. Your financial goals will change throughout your life. Earnings in plans are not subject to federal tax, and in many cases, state tax, provided you use withdrawals for eligible college expenses.