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[quote=Anonymous]I have a question for parents who've gone through this.

Our son will start his junior year in September. We have more than enough money for his tuition, housing, food and books in a 529.

However, his school publishes an estimate of off-campus housing & food at $17,000. According to our investment people, we can't use our 529 money for anything above that $17,000 since he will live off campus next year (there's basically no option to stay on campus for juniors and seniors).

He will be living in an apartment building with two other guys and rent is $16,000 for the year, and a partial meal plan through the school is $4,000, and then there's groceries. This seems absolutely ridiculous to me that we can't use our own 529 money for these reasonable expenses. This is NOT a fancy apartment building at all. He says it is on the low end (costwise) of what they looked at.

Has anyone dealt with this issue and how did you get around it? It seems so insane that because a university is lowballing their housing/food estimates to make their cost seem more reasonable, families can't use their 529 saved money for their kid's housing/food at college.

Thanks![/quote]

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