Tax-Smart College Line
Finance this year's tuition, room and board, books, etc.
The cost of college can be staggering. Let us help you with books, tuition, room and board, etc. with our Tax-Smart College Line. You'll get:
* A $500 - $25000 line of credit
* A low 9.9 % fixed APR
* Tax-deductible interest -- If your Modified Adjusted Gross
Household Income is less than $75,000 a year, you can deduct
some or all of the interest paid.
* An easy method for tracking college expenses
* Free checks to access your line
* Manageable monthly payments
Imagine how easy it will be to write a low 9.9% APR check to cover college expenses, and then have a record-of-statement to track them. At the end of the year, you'll receive form 1098-E from Pentagon Federal showing the interest you've paid on your line of credit that may be deductible. Please consult your tax advisor or a current Income Tax Guide for further information on tax deductibility. Even if you are unable to take interest deductions, this is still a great way to make educational expenses very affordable.
see
www.penfed.org they have practically open membership now. (If you’re not in the military, don't work for DOD, etc., you can join a military support group for $20 and then become eligible.)