Lets families use college savings plans to pay for application fees
This bill would let families use their 529 college savings plans to pay for college application fees. Right now, these fees are not covered by 529 plans, so families pay them directly or from other savings. If passed, this change would start for money taken out after the bill becomes law.
Today, families cannot use money from their 529 college savings plans to pay for college application fees without facing taxes or penalties. If this bill becomes law, families could use their 529 plans to cover these application fees without tax consequences. This would apply to distributions made after the bill is enacted.
HR 7205 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.