What are the limitations on which room and board expenses are covered?
Beneficiaries must be enrolled at least half time at a post-secondary institution for room and board expenses to be considered an eligible education expense. Room and board expenses for beneficiaries who live at home cannot exceed $1,500 per academic year. For those students living on campus, room and board costs are limited to the school’s posted room and board charge. If the beneficiary lives off campus (not at home), the reasonable limit is determined by the educational institution.
