A New Way to Repay College Loans

The American College of Financial Services
January 30, 2020

Until recently, college students and their families trying to pay student loans through special 529 savings plans could have faced heavy taxes or big penalties for withdrawing money from their accounts. But things are different now, as the SECURE Act stands to make it a lot easier for students to use the cash they have saved to make strides toward paying off their college debt. Assistant professor of taxation Ross Riskin says before you make a plan based on the new regulations, it’s best to look at the laws of the state you live in.

Learn more about how the SECURE Act changes the rules for 529 plans and get Riskin’s full commentary in this latest piece from Kiplinger.