Using 529-Plan Money for College Overseas
If your son or daughter plans to attend college abroad, here's what you should know.
Question: My daughter may go to college in Europe next year. Can we use her 529 college-savings money tax-free outside of the U.S.? - S.S., Lubbock, Texas
Answer: Yes. You can use 529 money tax-free at any college that is eligible for federal financial aid, which includes more than 400 foreign institutions, says Mark Kantrowitz, of Savingforcollege.com. To look up eligible schools, go to www.savingforcollege.com/eligible_institutions.
