The college website lists the different Costs of Attendance for the different scenarios (Lives w/ Parents, Lives On Campus, Students w/ Dependents). My son stays on campus and is in his first year. The college website says that the cost for Housing and Food is $18,405. The meal plan that my son chose brings the cost for Housing and Food to $12395. This is the amount on the invoice. He will also be buying food outside of his meal plan both on campus and off campus. Let's say through these additional purchases, he spends another $7000 a year on food.
My question is - What amount can I withdraw from my son's 529 account as eligible expenses: $19395 ($12395 + $7000), $18405, or $12395?
Assume I will have receipts for the additional $7000 expense.
