Program DescriptionWhat Expenses May Be Paid With Account Funds?Account funds may be used to pay the Higher Education Costs of the Account Beneficiary. These generally include tuition, fees, books, supplies, and equipment required for the Beneficiary’s enrollment or attendance at an Institution of Higher Education. Subject to certain limitations, these also generally include the room and board expenses of a student enrolled on at least a half-time basis. In addition, Higher Education Costs include expenses for special needs services in the case of a special needs beneficiary. Institutions of Higher Education generally include accredited, postsecondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate level or professional degree, or another recognized postsecondary credential, including certain proprietary, postsecondary vocational, and foreign institutions. The institution must be eligible to participate in U.S. Department of Education student aid programs.
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