Private school, other religious
College Preparatory School of America
Lombard, IL · Grades PK to 12 · 521 students
Can a 529 pay for College Preparatory School of America?
Yes. Federal law lets a 529 plan pay tuition at a private, public or religious elementary or secondary school, up to $20,000 a year per student. College Preparatory School of America is a private school serving grades pk to 12, so its tuition is the kind of cost this covers.
What a 529 can pay
- Tuition, up to $20,000 a year per student
- Curriculum, books and instructional materials
- Tutoring and classes outside the home
- Fees for SAT, ACT, AP and other exams
- Online educational materials
- Educational therapies for a student with a disability
What it can’t
- Registration, application and building fees
- Activity, field trip and technology fees
- Uniforms, sports and extracurriculars
- School meals and transportation
- Aftercare and summer camps
Ask College Preparatory School of America which of its charges are billed as tuition. Fees added to a tuition bill are not always covered.
What Illinois does with it
The tax rule is your state of residence’s, so this applies if you live in Illinois.
Illinois does not follow the federal K-12 rule
Illinois does not treat K-12 withdrawals from a 529 as qualified. The earnings part is generally taxed as Illinois income, and a Illinois deduction you took for contributing may be taken back. Federally the withdrawal can still be tax-free, so the question is whether the benefit is worth the state tax.
General information, not tax advice. Source: Saving for College, which states conform to federal 529 law (Jan. 2026). How it works
Plan and track College Preparatory School of America costs
Add this school to a free plan, see how it fits with college savings, and log each tuition bill, book and test fee so it is checked against the rules and ready for tax time.
More private schools in Lombard
- Creative Montessori Learning CenterGrades PK to K
- Ilm Montessori IncGrades PK to 6
- Montini Catholic High SchoolGrades 9 to 12
- Sacred Heart SchoolGrades K to 8
- School of Expressive Arts and Learning (Seal)Grades 1 to 12
- St. John's LutheranGrades PK to 8
- St. Pius X Elementary SchoolGrades PK to 8
- Trinity Lutheran SchoolGrades PK to 8
School details: Lombard, IL · Private (other religious) · Grades PK to 12. Source: U.S. Department of Education, National Center for Education Statistics (2021-22). General information, not tax advice.