I was funded with scholarships throughout my entire undergraduate time and am starting my Masters program (that is currently being paid for by my current job at the Institution); however, I have funds within an educational IRA. On some online forums, it says we can withdraw the funds without penalty for other school-related costs (like books, technology, and in some cases room and board). On the IRS website, it mentions that the withdrawal can only be for a "qualified educational expense" which will be a tax document that the university sends. Is this true? Can I withdraw funds for other related expenses besides tuition without being penalized as long as I am enrolled?
