Qualified Higher Education Expense

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DEFINITION of 'Qualified Higher Education Expense'

Expenses such as tuition and tuition related expenses that an individual, spouse, or child must pay to an eligible post-secondary institution.

BREAKING DOWN 'Qualified Higher Education Expense'

These expenses are important because they can determine whether or not you can exclude the interest off of a qualified savings bond from your taxable income.

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RELATED FAQS
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    If you are older than 59.5 and have been contributing to your IRA for more than five years, you may withdraw funds to pay ... Read Full Answer >>
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    Having a magna cum laude degree is most important for jobs in the fields of finance, management consulting and engineering. ... Read Full Answer >>
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