[College Savings Issues.]

Institution	General Accounting Office, Washington, DC. Health, Education, and Human Services Div.
Titel	[College Savings Issues.]
Quelle	(1994), (49 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Attitudes; Citizen Participation; Higher Education; Loan Repayment; Money Management; Paying for College; Public Policy; Retirement Benefits + Suchen Sie Ihr Suchwort? Attitude; Einstellung; Verhalten; 'Citizen participation; Citizens'' participation'; Bürgerbeteiligung; Hochschulbildung; Hochschulsystem; Hochschulwesen; Studienfinanzierung; Öffentliche Ordnung; Retirement pay; Ruhegehalt
Abstract	This correspondence presents information on: (1) the number of people who have claimed the income exclusion for using savings bonds to cover college expenses; (2) public awareness of education savings bonds and attitudes toward the income limits on use of the exclusion; (3) the recent lowering of the income limits; and (4) the nonrepayment rate for federal employees who have borrowed from the Thrift Savings Plan (TSP) to pay for education expenses. Attached to this correspondence is the full study, "Nationwide Market Research Study Concerning U.S. Savings Bonds" prepared for the U.S. Savings Bond Division, Department of Treasury by Schulman, Ronca, and Bucuvalas, Inc. (New York, New York). Information is presented on series EE savings bonds and penalty-free withdrawals from individual retirement accounts to encourage savings for college. It is noted that few people have used the education expenses provision of the series EE savings bonds to pay for college costs and it is suggested that this may be due to the short period of time that this program has been in effect. It is also noted that 77 percent of respondents to a poll on educational savings had never heard of the special education savings bonds. With regard to this program's income limits, 44 percent thought the income limits were about right and 37 percent thought they should be raised. Examination of repayment patterns among those federal employees who had borrowed from their TSPs to pay for college found that nearly all borrowers repaid theses loans in full. Furthermore, given the small sums involved, non-repayment probably would not have a serious negative effect on economic well-being during retirement. Tables provide details of the study's findings. (JB)
Anmerkungen	U.S. General Accounting Office, Health, Education, and Human Services Division, Washington, DC 20548.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC