Taylor is trying to figure out how to pay for her daughter's college. She is cvaluating several options. She is considering taking out a loan from either her retirement plan or on her cash$-$value life insurance policy. Which ont of the following is a benefit regarding these two options?

A$.$ The loan on the cash value from the life insurance policy is a low$-$cost option for financing.

B$.$ A loan on a retirement plan has flexible repayment rules.

C$.$ The loan on the retirement plan will continue even when changing jobs.

D$.$ A loat on the eash value of life insurance is treated favorably even if the policy lapses.

Thomas and Carol are manried with AGI of $$66,500$ for $2020.$ They have one child, Michacl, who is in his third year of college. The following are the costs for education:

$\backslash$table$[[-$ Thomas $($part$-$time night school$),$$$7,000$