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4 Steps to Use 529 Plans for Required Education Supplies

Don’t overlook equipment expenses when saving for career training programs.

October 22, 2012 RSS Feed Print
School supplies for students in automotive repair or medical programs can be pricey, but a 529 plan can help defray the costs.

School supplies for students in automotive repair or medical programs can be pricey, but a 529 plan can help defray the costs.

Next, compare prices. The selection depends on the career training program. For instance, tools for an automotive mechanic may be bought from hardware or automotive repair retailers, tool shops, and websites, experts note. Medical equipment may be bought from a variety of online outlets, as well as medical supply retailers.

No matter where equipment is bought, don't stray from the required tool list. If you're unsure if the tool is the exact same one from the list, consult the academic department, Kottman suggests.

Reyna Gobel, frequently quoted as an expert on student loans and college costs, is the author of "Graduation Debt: How To Manage Student Loans And Live Your Life" and "How Smart Students Pay for School: The Best Way to Save for College, Get the Right Loans, and Repay Debt." She has appeared on PBS's Nightly Business Report and speaks regularly at CollegeWeekLive.

Tags:
students,
colleges,
education,
careers,
savings,
paying for college,
money

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