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Match the following characteristics to the corresponding education funding options. You may need to use more than one letter for some characteristics and some letters
Match the following characteristics to the corresponding education funding options. You may need to use more than one letter for some characteristics and some letters may not be used. A Coverdell Account B. 529 Savings Plan C. ROTHRA D. American Opportunity Tax Credit (formerly the Hope Credit E. Lifetime Learning Credit F. Subsidized Stafford Loan G. Unsubsidized Stafford Loan 1 Needs-based financial aid 2 No time limit on withdrawal of assets from the account (money can be len in count) 3 Can only be claimed for qualified expenses not covered by other plans Assets in the account are in the beneficiary's estate, but the beneficiary can be changed 5 Contributionis limited for children under 18, unless child is disabled Very high contribution limits on the account Tax write offwed during the first 4 years of undergraduate education NO AGT phase outs Maximum $2,000 year tax credit based on 2018 of up to $10.000 of family education expenses 8
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