In 2009, some provisions were made to allow students to use money from their 529-plan — one of the best bank accounts for college because it helps to avoid student loans — to pay for computers and other equipment, as well as have their parents make two changes to investments each year instead of one (this expired in 2009).
However, a college savings bill called the Savings Enhancement for Education in College Act (H.R. 1351) is currently pushing to extend the ability to purchase computers and bring back the ability to make two investments. There’s no word yet on whether the bill is expected to pass. (Market Watch)
