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).