Regulations and Government
Lawmakers Aim To Make Aviation Programs Eligible for 529 Plans
A bipartisan group of lawmakers has introduced a bill to make commercial pilot and aircraft maintenance schools eligible for 529 plans.
(Photo: Pixabay)
(Photo: Pixabay)

A bipartisan group of lawmakers has introduced a bill, the Aviation Workforce Development Act (H.R.1818), to make training at certain commercial pilot and aircraft maintenance technician schools qualified expenses for 529 plans.

Designed as tax-advantaged investment accounts to boost savings for higher education, 529 plans originally were limited to use toward degrees at four-year universities. Backers of the Aviation Workforce Development Act noted that Congress has expanded the list of qualified expenses to certain trade apprenticeship programs. However, aviation has not been included in that list.

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