Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Child's Medical School Costs
Episode 32 of The College Savings Podcast tackles a lesser-known 529 strategy: funding graduate medical education. Lucas and Luna break down how medical school's unique cost structure—long duration, clinical rotations, residency expenses—can make a 529 plan a surprisingly effective tool. They walk through a concrete example: a family saving $400 a month from birth, projected to cover nearly half the cost of four years of medical school at a public university. The hosts also address the risk of overfunding and what happens if the beneficiary doesn't pursue medicine. A practical…
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