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Icon Mini Profile jonread





Joined: 02 Mar 2010

Posts: 1

1.00 Dollars($)
Post Posted: Tue Mar 02, 2010 3:30 pm    Post subject: 403B
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If I take out a loan from my 403B to pay for tuition for college I am currently atending, is it interest free?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
987.57 Dollars($)
Post Posted: Tue Mar 02, 2010 9:59 pm    Post subject:
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Hi jonread,

As far as I know, there is no taxes or penalties on the borrowed amount as long as you pay the loan back on time.

Thanks
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