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What Is a Qualified Tuition Program? 3 Things to Know about This Estate Planning Strategy

As kids get ready to head back to school this fall, I thought it would be helpful to focus this article on an estate planning strategy that also addresses a growing problem: college tuition. The cost of college has skyrocketed over the last thirty years, which means that many students have had to take out federal and private loans just to attend. If you are planning to help your child or grandchild pay for college, you may want to consider a qualified tuition program. Here are three things you should know about these estate planning tools. What Is a Qualified Tuition Program? First, let’s define what a qualified tuition program is. According to the Internal Revenue Service, a qualified tuiti

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