Bills: College

Prepare to Pay College Bills With 529 Savings Plan - Kiplinger

On-campus dorms and meal plans, or off-campus rent, utilities, and groceries. college bills

Books, transportation (gas, parking, or airfare), and personal items like hygiene products and clothing. Prepare to Pay College Bills With 529 Savings

Technology fees, lab fees, and graduation costs. or off-campus rent

Grandparents can pay the college directly to avoid gift tax implications, though the funds cannot be given to the student first. 3. Maximize Financial Aid Financial aid can significantly lower out-of-pocket costs:

Tuition is often just the baseline. To avoid surprises, your budget should account for:

Withdrawals are tax-free when used for qualified education expenses. If a bill is approaching, experts recommend shifting these funds into more conservative investments to protect against market drops.