Senate Committee Approves Package of Education Tax Breaks

The Senate Finance Committee unanimously approved legislation last week that would provide more than $20-billion of education-related tax benefits over the next decade. The package includes relief for borrowers who are paying back college loans and for parents and students who save for college.

Members of the committee also held separate hearings later in the week to examine tax proposals that could affect how much people donate to colleges. Committee leaders said they planned to

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