Article

Nursing continues to be one of the fastest‑growing career fields in the country.

According to the U.S. Bureau of Labor Statistics, employment for registered nurses is projected to grow faster than the national average for all occupations.¹ The American Association of Colleges of Nursing also reports ongoing workforce shortages, meaning employers are seeking qualified nurses at all levels.² In Virginia alone, the healthcare industry faces a shortage of more than 25,000 registered nurses in 2026.³

Driven by an aging population and rising chronic health conditions, demand for nurses across hospitals, long‑term care facilities, community health centers and home‑based care continues to increase. For today’s students, that can translate to a high‑impact career path.

In many cases, a 529 account can be used at eligible educational institutions for a wide range of nursing programs. If the school is an eligible postsecondary institution—such as a community college, four‑year university or accredited nursing school—your 529 savings can typically be applied. If the school appears on the Federal School Code List, it is generally eligible for 529 funds.

What Nursing School Expenses Can a 529 Cover?

529 funds can be used for qualified education expenses, which often include:

• Tuition and mandatory fees
• Required textbooks and lab equipment
• Essential technology, like laptops or software
• Room and board, if enrolled at least half‑time

Standard nursing equipment, such as scrubs or clinical supplies, may also qualify if required by the institution. In addition, nurses pursuing eligible continuing education courses may be able to use 529 funds for qualified education expenses associated with those programs. Always confirm with the eligible educational institution and review current 529 guidelines to ensure expenses qualify.

Choosing the Right Nursing Pathway

Nursing offers a variety of entry points. Common pathways include:

• Certificate or Diploma Programs - These programs can lead directly to roles like Licensed Practical Nurse. Many can be completed in about a year, making them a quick way to start working in the field. Related: 5 Healthcare Programs You Can Complete in Less Than a Year
• Associate Degree in Nursing - This two‑year degree, widely available at community colleges, prepares students to sit for the registered nurse licensure exam.
• Bachelor of Science in Nursing (BSN) - The four-year BSN is increasingly preferred by employers and can provide a strong foundation for leadership roles or graduate studies.
• Accelerated BSN – This expedited program is designed for those who already have a bachelor’s degree in another field.
• Graduate Nursing Programs – Many options are available for nurses seeking advanced practice or specialized training, including nurse practitioner, certified registered nurse anesthetist, certified nurse-midwife, or clinical nurse specialist pathways.

Why Families Are Saving for Nursing School

Even for children with 529 accounts who aren’t close to college yet, nursing remains a promising and sustainable career path. The healthcare sector consistently adds jobs, and demand for nurses remains steady nationwide.

Families may choose to save with a 529 account because:

• Nursing programs can be competitive and high‑cost.
• Clinical requirements may limit a student’s ability to work while enrolled.
• A 529 can help reduce student loan debt for degrees with strong career outcomes.

Nursing offers stability, mobility and the chance to make a meaningful impact. Using a 529 account to support that journey can make an already rewarding field more financially accessible.

Whether you're saving for a child, planning a return to school or exploring a new healthcare path, your 529 account can help open doors.

1. U.S. Bureau of Labor Statistics. Registered nurses: Occupational outlook handbook.

2. American Association of Colleges of Nursing. Nursing Shortage.

3. National Center for Health Workforce Analysis, Workforce Projections.