Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using 529 Funds for Your Childs Apprenticeship Program
Episode 81 of The College Savings Podcast explores a less-known but powerful use of 529 plans: funding apprenticeship programs. Lucas and Luna discuss how apprenticeships in trades like electrician, plumbing, and HVAC qualify as eligible expenses under federal tax law, as long as the program is registered with the U.S. Department of Labor. They walk through specific requirements, including the need for a formal written agreement and a minimum of 144 hours of classroom instruction per year. The hosts also compare the cost-benefit of apprenticeships versus traditional four-year degrees, noting…
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