School’s Back. Who is Paying for It?
Schools across the nation are getting back to business. For students, it’s a return to education after vacations, summer jobs, and other activities.
For parents, grandparents, and guardians, “back to school” often means an outlay of cash. There are computers to upgrade, after-school activities to fund, and college planning to consider.
The White House recently forgave $10,000 to student loan borrowers as part of a larger debt forgiveness program. Further Presidential or Congressional action isn’t guaranteed to future borrowers, underscoring the importance of creating a wise college strategy.
If you look at the students in your life and think, “Time flies…” you’d be right! This is one area where you don’t want to be behind the clock. If you have questions, reach out anytime.
This post is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax and accounting professionals before modifying your tax strategy in response to the White House actions.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.
Dr. Jason Van Duyn
AQuest Wealth Strategies
Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.