Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Apprenticeship Program Costs
In this episode of The College Savings Podcast, Lucas and Luna dig into a 529 plan benefit many families overlook: using funds for registered apprenticeship programs. With college costs rising and trade careers gaining prestige, more students are pursuing apprenticeships in fields like electrical work, plumbing, and IT. Lucas explains how the 2019 SECURE Act expanded 529 qualified expenses to include fees, tools, and equipment for registered apprenticeships, and walks through a concrete example of a $15,000 annual cost at a union electrical apprenticeship in Chicago. Luna asks the…
The skinny
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