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What expenses are considered valid with a Raise Education account?

Learn which education-related expenses qualify for use with a Raise Education account.

Jack McCann avatar
Written by Jack McCann
Updated over 3 weeks ago

A Raise Education account allows funds to be used for a variety of qualified educational expenses. These expenses are determined based on 529 plan guidelines and other education-related financial policies.

Qualified Education Expenses

  • Tuition and Fees: Costs for enrollment at eligible educational institutions, including colleges, universities, and certain K-12 schools.

  • Books and Supplies: Textbooks, lab materials, and other required educational supplies.

  • Technology: Laptops, tablets, internet access, and software necessary for coursework.

  • Room and Board: Housing and meal plans for students enrolled at least half-time at an eligible institution.

  • Special Needs Services: Educational expenses required for students with disabilities.

  • Apprenticeship Programs: Costs associated with registered apprenticeship programs, including equipment and tools.

  • Student Loan Repayments: A portion of funds may be used toward qualified student loan payments (subject to applicable limits).

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