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They're not tax-deductible, but the money in the account grows tax-free and can be used for not just college, but primary and secondary education expenses, too. You can contribute up to $2,000 a ...
In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded.
Experian offers options to help cover college expenses, from a budget review to cost-cutting, to a part-time job and grants and scholarships, if federal student loans just aren't enough.
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To avoid unexpected costs, create a budget in advance that accounts for all of the costs of college. ... There are several ways to help cover the costs of your first year, including: Grants.
The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.
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