New bill, which moves to Senate for approval, would allow for purchase of computers, internet access

college-expensesComputers and technology equipment would become qualified expenses in 529 college savings plans under a bill passed by the U.S. House of Representatives on Feb. 25.

H.R. 529 also designates computer software and internet access as qualified expenses while students are enrolled in school.

The bill, sponsored by Rep. Lynn Jenkins (R-Kan.) and Rep. Ron Kind (D-Wis.), highlights the importance of technology for today’s students and recognizes that computers, internet access, and technology tools are essential parts of learning, supporters said.

“This is a good, sensible bill to improve a critical college savings tool…I encourage my colleagues in the Senate to quickly approve this legislation,” Jenkins said in a statement.

(Next page: More details from the bill)

Laura Ascione