Can I Use My 529 Plan for a Gaming Laptop?
Here’s a summary of the main problem and solutions discussed in the conversation:
- Main Problem: The user, Shino, is unsure if they can use their 529 plan to purchase a laptop labeled as ‘gaming’, which has the necessary specs for schoolwork and occasional gaming.
- Suggested Solution: Parrator recommends confirming with the school or counselor regarding the acceptability of using the 529 plan for this purchase.
- Additional Information: FidelityLinsey confirms that money from a 529 plan can be used for computer equipment as part of qualified higher education expenses and suggests reviewing the enrollment kit for a comprehensive list of covered expenses.
- Contact Advice: FidelityLinsey advises Shino to contact the 529 team for further clarification, providing a link for assistance.
This summary captures the key issues and solutions discussed regarding the use of the 529 plan for purchasing the laptop.
Here’s the full thread
I want to get a laptop for school, but the laptopi
that have the adequate specs i need are labeled as ‘gaming.’ Would it be an acceptable expense that I could use my 529 plan on? I plan to do schoolwork for most of the time and occasionally game like on the weekends or something.
I’m pretty sure yes, but you should ask your school/counsler.
Great question, @Shino.
Money withdrawn from the 529 plan account can be used for a wide range of qualified higher education expenses, such as room and board, tuition, books, and computer equipment. Refer to your enrollment kit for a full list of expenses covered by your state’s plan.
You can also give our 529 team a call to discuss. Associates are available through the link below from Monday to Friday, 8:00 a.m. to 9:00 p.m., ET. Make sure to say “529 plan” when the system prompts to get routed correctly.
Contact Us: https://www.fidelity.com/customer-service/contact-us
I’ve included some resources below to help you learn more as well.
Transfers from or to my 529 account: https://www.fidelity.com/customer-service/how-to-take-529-distributions
How to spend from a 529 college plan: https://www.fidelity.com/learning-center/personal-finance/college-planning/college-529-spending
If you have additional questions, please don’t hesitate to ask. We’re always happy to help. 🟢