529 Plan Details:
Enter your state:
World's Simplest College Calculator:
How old is your child?
Find a 529 Pro:
Enter your zip code:
Enroll In a 529 Plan:
529 rules apply to many foreign schools
If I open a 529 college savings plan for our grandchildren, will they be able to use the funds to attend non-U.S. colleges? They have dual U.S. and Canadian citizenship and may wish to attend Canadian universities.
Plenty of foreign institutions of higher education, including more than 100 Canadian schools, are eligible under the rules permitting tax-free withdrawals from a 529 plan.
To check for eligible schools, visit Savingforcollege.com for a Federal School Code Lookup. You can enter a search query for a particular school or view a list of schools in a particular state.
In the state drop-down box, you can select "Foreign Country" to view schools in other countries, or narrow it down a bit by selecting a country such as Canada or Mexico.
The test for any particular school's inclusion is its eligibility to participate in Title IV federal financial aid programs. Most degree-granting four-year schools, junior and community colleges, and graduate schools will qualify, as will many proprietary and vocational schools.
The U.S. Department of Education assigns a school code to approved institutions. Wondering about a particular school not found on the school code listing? Call the school's administrative office and ask whether students there can apply for federal financial aid. If the answer is yes, find out the school's code.
A small number of schools that may be eligible under Title IV choose not to participate in the federal aid system and will not have a school code.
In such instances, ask whether the school has received a determination from the IRS granting eligible status and permitting students at the school to take tax-free distributions from their 529 plans.
Other recent questions»529s and Financial Aid (Video) (11/19/2014)
»529s and Financial Aid (Script) (11/19/2014)
»What are the best ways to maximize the savings in my 529 plan? (Video) (10/14/2014)
»What are the steps involved in setting up a 529 account? (Script) (09/15/2014)
»What are the steps involved in setting up a 529 account? (Video) (09/15/2014)
»What is the first step in getting started with a 529 plan? (Script) (09/05/2014)
»What is the first step in getting started with a 529 plan? (Video) (09/05/2014)
»Coverdell ESA vs. 529 Plan: Which to choose? (Video) (07/15/2013)
»Coverdell ESA vs. 529 Plan: Which to choose? (Script) (07/15/2013)
»What is the best 529 plan for me? (Video) (07/10/2013)
»What is the best 529 plan for me? (Script) (07/10/2013)
»What happens to my 529 if my child gets a scholarship? (Video) (07/02/2013)
»What happens to my 529 if my child gets a scholarship? (Script) (07/02/2013)
»Can grandparents open a 529? (Video) (06/20/2013)
»Can grandparents open a 529? (Script) (06/20/2013)
»Do I have to use my own state's 529 plan? (Video) (06/12/2013)
»Do I have to use my own state's 529 plan? (Script) (06/12/2013)
»529 Plans: Tax Benefits of a 529 Plan (Video) (06/07/2013)
»529 Plans: Tax Benefits of a 529 Plan (Script) (06/07/2013)
»What are the Pros & Cons of 529 plans? (Video) (05/30/2013)
My College Savings
Help us personalize our site for you.