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Judge says Trump administration can't block child care, other program money for 5 states for now abcnews.go.comJudge Blocks Trump Officials From Freezing Billions in Social Services Funds: Live Updates The New York TimesJudge blocks Trump from freezing $10 billion in child, family aid to five U.S. states CNBC
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The attorneys general of Illinois, California, Colorado, Minnesota and New York filed the lawsuit Thursday in federal court in New York, alleging federal officials have no legal or constitutional authority to freeze the money.
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E.U. and South America to Form Free-Trade Zone With 700 Million People The New York TimesEU states back controversial Mercosur deal with Latin American countries The GuardianVon der Leyen makes €45B pitch to win Meloni's support for Mercosur trade deal politico.euEU poised to secure vital Italy backing for Mercosur deal ReutersEU reaches South America trade deal after 25 years of talks BBC
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As college costs continue to rise, it's becoming increasingly difficult for students to pay for it themselves. The total student loan debt in the United States has risen to a staggering $1.75 trillion. This has led many parents and grandparents to want to help carry a portion of their child's or grandchild's college debt. They shouldn't jeopardize their own financial future by entering retirement with someone else's student loan debt, though.
SEE MORE Tax Breaks to Help You Pay for College
Even so, the number of adults over the age of 62 with student loan debt has reached a startling 2.4 million borrowers. If parents and grandparents plan on helping to pay for college, they need to plan ahead to stay debt-free in their golden years. There are many ways they can start planning now to help with college costs while still saving for their retirement.
529 plans offer tax advantages
529 plans are investment accounts that can be used to pay for education for a specific beneficiary. Choosing a 529 plan also comes with tax benefits. It will grow federal tax-free and will not be taxed when the money is taken out. It's important to note that you can use a 529 plan from any state to help cover education expenses in any other state. However, depending on the state you live in
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