Rand Paul's new bill would let Americans pay off student loan debt with 401(k), IRA savings. Here's what that means
December 05, 2019 at 13:34 PM EST
Sen. Rand Paul's HELPER Act allows Americans to take up to $5,250 from a 401(k) or IRA tax- and penalty- free each year to pay for college costs or repay student loans. Here's why experts say that's not necessarily the best idea for most people.