5 Things to Know About Using an IRA to Pay for Tuition

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With the expense of educational cost of school and graduate school rising, more folks and planned graduate understudies are looking to retirements records, for example, an individual retirement record, to pay for school.

A 2015 Sallie Mae and Ipsos review found that 6 percent of folks pulled back from their retirement reserve funds, either from a 401(k) or IRA, to pay for school.

"It's more regular nowadays in light of the fact that the cost of school has gone up," says Robert Steen, a Texas-based riches counsel at USAA Federal Savings Bank.

For folks or planned understudies intrigued by utilizing an IRA to pay for school, here are a few contemplations to consider.