This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
Does Your Mortgage Count as Housing?
No. If your student is living at home, be aware you cannot use a 529 distribution to pay toward your mortgage (that’s considered double dipping on an investment). But you can use 529 funds to cover your student’s groceries up to the allowed meal amount posted by the college.