As long as the school is listed on the as “eligible,” it’s possible to use money from the 529 plan, without penalty, to pay for qualified expenses.
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Financing College is a challenge that requires planning and many years of saving. Buying textbooks at the College Bookstore can be very expensive and by using websites that specialize in textbooks, it can pay to buy your textbooks online.
While it would be nice to be able to pay for a college degree, many parents can’t afford it. So, it makes sense to prepare teens as early as possible for the possibility that they will have to help shoulder the costs of a higher education.
One of the tools you can use to save up for college is the 529 plan. This college savings plan provides a way for you to use investing and the power of compound interest to build up enough for college.
If your family is expecting the arrival of a "little one" in the near future, you may want to consider these financial moves BEFORE the baby is born to help ease the financial stress, and allow you to concentrate your focus on your little bundle of joy.