Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Trade School and Certification Costs
Lucas and Luna dive into a growing use for 529 plans: covering trade school and professional certification programs. With student debt topping $1.7 trillion and skilled trades facing labor shortages, more families are using 529 funds for electrician apprenticeships, HVAC training, and IT bootcamps. The hosts break down the IRS rules that allow 529 withdrawals for registered apprenticeships and certificate programs, the dollar limits, and how to document expenses. They also compare the tax advantages of using a 529 versus paying out of pocket, and touch on the new ability to roll unused 529…
The skinny
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