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School's Back. Who is Paying for It?

September 01, 2022
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Schools across the nation are getting back to business. For students, it’s a return to education after vacations, summer jobs, and other activities.

For parents, grandparents, and guardians, “back to school” often means an outlay of cash. There are computers to upgrade, after-school activities to fund, and college planning to consider.

The White House recently forgave $10,000 to student loan borrowers as part of a larger debt forgiveness program. Further Presidential or Congressional action isn’t guaranteed to future borrowers, underscoring the importance of creating a wise college strategy.

If you look at the students in your life and think, “Time flies…” you’d be right! This is one area where you don’t want to be behind the clock. If you have questions, reach out anytime.

This letter is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax and accounting professionals before modifying your tax strategy in response to the White House actions.