Need help with an inheritance

Hello all, I am a 17 year old who will be receiving about 500k from my uncle that just passed away. I am enrolled in school but I am currently taking out loans(it is a local small institution). In the future I plan on going to medical school to become a psychiatrist. I have a minimum wage job right now in which I work only 2 days a week for 4 hours a day. I am being advised by some people to use that money to pay for school directly but I want to be able to save the money for the future. Is there a particular savings account I can use for this large sum of money? Any advice is appreciated. Thank you!