Skip to main content

Smart Savers Blog

Qualified Higher Education Expenses


Congress recently modified the definition of a qualified higher education expense to include, if certain conditions are met, computers, educational software, computer equipment, and Internet service. Effective as of January 1, 2015, distributions from your Virginia529 inVEST, CollegeAmerica, or CollegeWealth account may cover your student’s laptop (and associated equipment), as long as it is purchased primarily for use by the student beneficiary while attending an eligible educational institution.

FAQs: 2015 Legislative Impacts to 529 Plan Accounts (pdf)

Resources to help you learn

Frequently Asked Questions

Find answers to the most common questions about 529 plans.

Smart Savers Academy

Tune in to a live episode and ask questions of the presenter, or watch a previously recorded webinar below.

Invest529 Portfolio Performance

Review and compare historical returns of Invest529 portfolios.