Skip to main content
All CollectionsUsing Backpack for non-tuition purchases
Can I pay for room and board all year long or only while my child is in school?
Can I pay for room and board all year long or only while my child is in school?

Learn how to use 529 funds to pay for your child's room and board throughout the year, as long as they are enrolled at least half-time.

Updated over 4 months ago

Yes, you can use 529 funds to pay for room and board throughout the year, provided your child is enrolled at least half-time in school.

Eligibility Requirements

  1. Enrollment Status: Your child must be enrolled at least half-time at an eligible educational institution during the periods for which you are paying room and board with 529 funds.

  2. Cost of Attendance (COA): The amount you can spend on room and board must not exceed the COA set by the school. This allowance includes estimates for living on-campus, off-campus, or at home.

How to Stay Within Limits

  • Refer to the School's COA: Check your University's (or your child's institution) for their specific COA details, which will include the maximum allowable room and board expenses.

  • Keep Records: Maintain receipts and documentation of all room and board expenses to ensure compliance and for tax purposes.

  • Monitor Enrollment: Ensure your child maintains at least half-time enrollment status throughout the year.

Did this answer your question?