Sentences with phrase «use the money for education»

Parents would be able to use the money for education services or expenses authorized by the Department of Public Instruction, which oversees the state's 422 school districts and federal funding for schools.

Finally, if you don't use the money for education and instead simply withdraw it, you'll face income taxes and tax penalties on the tax - deferred growth.

Coverdell ESAs are great options for people who like picking specific investments, or may need to use the money for education expenses before the beneficiary gets to the college level.

However, if you don't use the money for education expenses, the IRS will charge income tax plus a 10 percent penalty on your investment earnings.

Not exact matches

«An excise tax on the endowments of some private colleges and universities, regardless of how many or how few institutions it affects, is a remarkably bad idea that takes money that would otherwise be used for student aid, research, and faculty salaries and sends it to the Department of the Treasury to finance corporate tax cuts,» said Ted Mitchell, president of the American Council on Education, a higher education traEducation, a higher education traeducation trade group.

Should the account holder choose to use that money for a child's education, they might be in luck.

If you saved more than you needed in your 529 and try to pull that money out to use for costs other than education, you'll pay a fee.

We did not cut transfers to our provinces and territories — money they use for things like education and health care.

«The desire for power, status, and money characterizing dark triad individuals may steer them toward, for example, economics, business, and law educations because these educations pave the way for a career in the corporate world, and the corporate world generally rewards self - serving behavior and provides an environment in which individuals with dark personalities can make use of their qualities and succeed,» commented the researchers.

There's also a 10 percent penalty for withdrawing money prior to age 59 1/2 — except to use in specific circumstances, including qualified higher education expenses and first - time home purchases.

«It's really a fee for using someone else's money,» explains Todd Christensen, director of education at Debt Reduction Services, a nonprofit debt management and credit counseling organization in Boise, Idaho.

And what happens if I withdraw the money and use it for things other than education?

Typically, the money is used for education programs, treatment programs, and to increase future prize pools.

If the money isn't used for qualified higher - education expenses, a 10 % penalty tax on earnings (as well as federal, state, and local income taxes) may apply.

While the government charges a hefty tax penalty to withdraw funds early (10 % to 30 % immediately but possibly adjusted when you file your taxes), they do make exceptions if you're using it to buy a house or go back to school, as long as you put the money back within 10 years for education loans and 15 years for home purchases.

While this addition was completely donor funded, as provincial money can't be used for capital projects at private schools, it's a strong reminder of the luxuries that Albertans help subsidize — and the amount of money that could be directed towards public education.

For instance, you can avoid the penalty if you're using the money to pay for qualified education expenses or buy a first hoFor instance, you can avoid the penalty if you're using the money to pay for qualified education expenses or buy a first hofor qualified education expenses or buy a first home.

«If you use the money for purposes other than education, you are taxed regular income taxes on any gains plus a 10 % penalty,» notes Benedict.

If you want to invest other money for your kids, consider using a Registered Education Savings Plan (RESP).

Another option is to put aside money for specific categories of spending like education and health care using tax - deferred accounts such as 529 Education or Health Care Savings education and health care using tax - deferred accounts such as 529 Education or Health Care Savings Education or Health Care Savings Accounts.

You can use the money for qualified higher - education expenses, including tuition at a college, university, trade school, or vocational school, as well as room and board, fees, books, supplies, equipment, computer hardware and software, and internet access and related services.

You can invest in any state's 529 plan and use the money to pay for school in the United States or abroad as long as the school is considered an eligible education institution.

use the money to pay for education - related charges (such as tuition, fees, and room and board) on your student account.

The Christian Right wants public money to be used for private religious education (vouchers), buildings and services to be used for private religious purposes (this article), and they want subsidies in the form of tax breaks, special exemptions of other sorts, and they even want to destroy Aid to Needy Families so they can drive people into seeking help at their private religious «missions» where you are not allowed to eat unless you are a Christian, and so on.

Being told they can't use other people's money for Christian education for their kids 3.

That means that if these eager witnessing beavers took the money and gave the damn sign to Coca - Cola and instead bought into Uganda's Water School program that uses the suns UV rays to cleanse water, 3,000 families would have clean water for LIFE and the education to teach their neighbors how to use the Water School!

The aid package specifically prevented U.S. money from being used for education or health programs in which Cubans might be involved.

Collected for the most part by industrialized countries, where the principal financial markets are located, this money could be used to help struggle against inequalities, to promote education and public health in poor countries, and for food security and sustainable development.

Though legislatures push lotteries as a supplement for educational funds, often those lottery revenues end up being used as a substitute for other funds, with no additional money going to education.

An ESA is like a school voucher because it offers eligible families state - funded access to private school tuition, but unlike a school voucher, the ESA deposits money into an account that families can use for other expenses besides school tuition — for transportation or education - related technology, for example.

CIS Wake will use the money to further its mission of reducing Wake County Public School System's dropout rate and preparing students for post-secondary education and careers.

And check out 529 plans in your state: Like a 401 (k), you contribute to a pool of mutual funds and the money grows tax - free, provided you use the proceeds for higher education.

«Whilst we welcome extra money for Northern Ireland, Scotland and Wales, it is important that extra money is used to recognise, reward and support teachers in delivering the high quality education that pupils need and deserve.

Labour is calling for cross-party talks on how religious education is conducted and monitored in the state sector as a special poll for the Observer shows widespread concerns about the use of taxpayers» money to fund faith schools in a multicultural Britain.

In a note to supporters, Perez said that the money she raised through crowdfunding would go to help her son with legal fees and would be used for his education and to help others who find themselves in a similar position.

Senate Republicans have called for an investment in education spending as well as using a portion of the money to pay for tax relief.

The Senate GOP Leader says he believes the program would cost $ 200 million, and he says he'd rather use the money for other things like education, infrastructure, job creation and child care.

«School leaders must be held properly to account for how they use public money and for the education of the pupils entrusted to them.

That money may be used for state education / health pension systems, or may be distributed to private institutions (either non-profit or non-profit, it depends).

They said that these cases suggest that the Department for Education (DfE) and EFA's processes for overseeing free schools «are not yet working effectively to ensure that public money is used for the proper purpose».

The Urban Youth Collaborative called the bill «an unprecedented step to subsidize private education using the public's money,» noting in its release that according to the Campaign for Fiscal Equity, «New York City schools are owed $ 2.3 billion» under court judgements against the city and state for not providing a minimum adequate education in the public schools.

The Public Procurement Minister used the occasion to inform the Education Minister and his team about some of the government policies she is implementing to strengthen the country's procurement system to ensure value for money.

«Certainly, I think it's not the silver bullet that will close the budget gap, but right now New York is shipping money to neighboring states that it could be using for restorations to health and education programs,» he said.

State budget and education experts told Capital that Cuomo can help charters by maneuvering more money in the state budget towards the city's schools, and then stipulating that some of that money be used for charter revenue.

Where the money goes: Gateway's Breast Cancer Charity funds research only, so no money is used for education, outreach, or awareness programs.

Federal Pell Grants, for instance, can be used for remedial education; institutions are more than happy to take the money, even if they are terrible at remediating students» deficits, which is why I've proposed making remedial education ineligible for Pell financing.

State education officials and local school districts are working to use technology money from the federal economic - stimulus package to develop initiatives that do everything from consolidate data systems to create high - quality digital content for school laptops.

A Phi Delta Kappa / Gallup poll and a survey by the Center for Education Reform suggest that there is rising support for using government money to pay for students to attend private schools.

As for the cost of programs that require so much personal attention, Money said, traditional higher education will have to reexamine its use of resources and «figure out where it can cut.

While some may question the use of so much money for furniture, it is easy to see that the factory - model of education (which dictated the line -»em - up factory - style furniture our classrooms have always had), is no longer the best way to educate our children.