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Item Title: New Student Loan Law: How it Will Affect Families
Summary:
If you have children or grandchildren heading to college, you know the price tag is steep. The annual cost to attend a four-year private institution now averages more than $32,000, including room and board. Many students take out loans to help pay the bills. A recently enacted law is designed to alleviate the burden but since it passed, some lenders have taken steps that may diminish the benefits. Click "Full Article" to find out what the law covers, why lenders are changing their terms, and what tax breaks are available for education.
Comments:
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.