Alexa SECURE ACT | Alexa Flash Briefing Written by College Coach Guest Authoron January 31st, 2020 Bright Horizons College Coach occasionally features blog posts written by guest authors. You’ll find more information about each guest author in the About the Author section on the blog post. Learn More About College Coach On December 20, 2019, President Trump signed into law a government spending bill which included many provisions of the SECURE Act (short for Setting Every Community Up for Retirement Enhancement Act—quite a mouthful). As its extended name would imply, most of the provisions of the SECURE Act affect retirement accounts like IRAs and 401ks. One particular aspect of the new law that we thought may be of particular interest to our Alexa skill subscribers (all diligent college savers, I’m sure!) affects the use of 529 College Savings Plans. The SECURE Act provisions signed into law expand the definition of qualified education expenses to include (1) fees, books, supplies, and equipment required for participation in a registered apprenticeship program and (2) the repayment of qualified education loans. It is this student loan provision that we find most interesting and dig into a bit further on the College Coach Insider blog. Take a look to learn the scenarios in which using a 529 for student loan repayment might most help you, and the caveats you have to look out for. Related Resources Read | Posted on June 17th, 2021 Paying for College in the US | Alexa Flash Briefing Read | Posted on June 16th, 2021 What are Satellite Campuses? | Alexa Flash Briefing Read | Posted on June 15th, 2021 Value of a Summer Job | Alexa Flash Briefing
