Qualified Higher Education Expenses

These expenses include tuition, fees, and the costs of books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary at any eligible college, university, vocational school, or other post-secondary institution. Certain room and board expenses are also included as long as the beneficiary is enrolled at least halftime. If the beneficiary lives in housing operated by the educational institution, the cost cannot exceed what is normally assessed for most of its residents. For beneficiaries who live at home, room and board expenses cannot exceed $1,500 per academic year. If the beneficiary lives off campus, the limit is $2,500 per academic year.