Education Planning Common Questions
My child is the beneficiary of a 529 plan. Can we use the 529 funds for her private elementary or secondary school?
No, 529 funds can't be used to pay for an elementary or secondary school education. They can be used only for higher education expenses (college, graduate, or vocational school expenses).
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.