<prompt> Human: My parents are generously offering to pay for medical school if I get in, of course. I would be starting in a year or two from now Fall 2019 or Fall 2020. Tuition will be about 200k 50k each year and Im guessing all other costs books, living expenses, etc will be about 200k 50k each year, but I think all other costs could be less, depending on city.Were thinking 529 plan, but is that a good plan for such a short amount of time?Edit: Looks like a lot of people think CDs are the move. Would we put it in a 1 year CD now in case I start a year from now? If we put it in a 2 year CD and I start in 1 year will we be penalized for withdrawing early? What are the penalties for withdrawing before the time is up? Is there a way to leave money in a CD while withdrawing some once a year? What are the best banks for CDs?  <response>: On that short of a term? CDs. You cant afford any risk on a 1-2 year time frame. 