Grants and Loans
Which grant/loan does not require a repayment plan?
What type of loan has a six month grace period?
Stafford Loans
What is the most common tax-deferred savings vehicle?
529 Savings Account/Plan
What's the maximum amount of interest you can deduct from a student loan
$2,500
Which loan is provided by a bank or lender?
A Federal Family Education Loan (FFEL)
How long is a standard repayment plan?
10 years
What type of educational plan is regulated by the state?
Prepaid Tuition Plans
What are two unqualified education expenses on a student loan?
Room and Board
Insurance
Student Health
Transportation
Academic Competitiveness Grant
What loan has an interest rate of the weighted average of combined loans?
Consolidated loan
The ESA is taxed when what happens?
The distribution exceeds the amount of the qualified educational expenses.
What is the deduction limit of credit card loans?
$10,000-$15,000