|Question: Can the funds in a 529 plan be used for college expenses if my child is only attending part-time?|
Ordinarily, yes. In most states, both part-time and full-time students can use 529 funds for qualified college expenses--check with the administrator of your plan. But remember, in all states your child must be enrolled at least half-time to use 529 funds for room and board.
Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing. More information about 529 plans is available in each issuer's official statement, which should be read carefully before investing. Also, before investing, consider whether your state offers a 529 plan that provides residents with favorable state tax benefits.