Senate Considers Bill to Offer New Tax Breaks on College Costs

The U.S. Senate last week began debating a $4.3-billion measure that includes tax provisions to benefit parents saving money for postsecondary education, people who are paying back college loans, and employees who take graduate-level courses paid for by employers.

However, the bill, S. 1134 -- which senators did not expect to vote on until at least late February or early March -- also includes a controversial provision on education savings accounts that

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