Education Funding Options

Question 1

Qualified Higher Education and K-12 expenses excluded from federal income tax

Answer 1

Coverdell ESA

Question 2

Direct PLUS Loans…
*NOT NEEDS BASED
*Available to parents of dependent child for undergrade and higher education
*Excess Amounts must be used for education expenses

Answer 2

Direct PLUS Loans

Question 3

For federal financial aid qualification, 529 ABLE accounts with balances of _____________ or less are disregarded…

Answer 3

100,000