Education

The Latest

  • March 12, 2013

    March is a gut-wrenching month for high school seniors waiting for college acceptances ... and for their parents awaiting financial aid awards. But another spring ritual plays into all this and can take the edge off: tax time.

    Whether you...

  • March 6, 2013

    NEW YORK (MainStreet) — The U.S. tax code contains several ways to claim a tax benefit for the cost of “post-secondary” education for you, your spouse or your dependent children.

    The...

  • March 3, 2013

    NEW YORK (MainStreet) — You can claim up to $2,500 in interest paid on qualified student loans used to pay for post-secondary education — college or vocational school — for yourself, your...

  • February 27, 2013

    The tax code provides several ways to defer or avoid taxes while saving for your child’s education.

    For parents or grandparents of newborns or young children, perhaps the best way to save for their college education is with a Qualified...

  • February 13, 2013

    Coverdell education savings accounts have never really drawn many headlines, even when unexpectedly saved from extinction as part of Washington's "fiscal cliff" deal.

    Much like the 529 college savings programs that are familiar to many...

  • December 13, 2012

    When Sharon Doyle thinks about college savings for her two kids, the numbers are almost too big to comprehend.

    Doyle, 44, recently calculated expected college costs for her three-year-old daughter. It worked out to be north of $500,000 - a...