This credit applies to tax years beginning after December 31, 1997. Interest earned on this type of IRA will be tax-free. In addition, withdrawals from an Education IRA will be tax-free as long as the withdrawals are used for educational expenses. The process whereby your bank wires the loan proceeds directly to your school if the school participates in this program. These are short-term loans with a low interest rate and are administered by your school's Financial Aid Director.
Many graduate schools provide loan funds for emergencies or unexpected expenses.
A loan program authorized by the federal government. This program includes Federal Stafford, Federal PLUS and Federal Consolidation Loans. These loans are funded by banks, guaranteed by Guarantee agencies and ultimately insured by the federal government. If you choose not to pay the interest it will be capitalized at the end of this period. Federal Supplemental Educational Opportunity Grants are government grants distributed by colleges, at their discretion, to students based on need.