My Mom Is Using My 529 For An Exchange Student's Tuition Instead Of Me

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Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 26 September 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.2	Start budgeting for free today.
0:06.2	So I am an applying medical student this year and my family has an exchange student and my
0:15.3	mother informed me that they're going to be using my 529 to pay for our exchange students education here in America.
0:23.6	And I'm worried about how much debt I'm going to be collecting from medical school.
0:30.6	Okay, so there's a 529 account that you thought you were going to get to use for school.
0:36.6	How much is in it?
0:38.7	That, I don't know. My mom has never disclosed it to me, but she's the one who put in
0:46.9	majority of the money, and my father didn't really put in much of his income into it because he
0:53.1	was in the army.
0:55.5	Okay.
1:01.8	I currently am receiving benefits from the VA to go to a university.
1:03.1	Okay.
1:05.0	And that's for undergrad or for med school?
1:06.6	Undergraduate.
1:10.9	So it'll stop at the end of the four years that I've used to.
1:12.1	All right.
1:16.9	And then you're going to go to med school to become an MD?
1:18.7	Yes, sir.
1:20.0	That's the hope.
1:21.5	When will you finish your four years?
1:25.3	I'll finish this year in 2026.
	...

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