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A Guide To Professional Designations in the College Planning Industry

By Ken Clark, About.com

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Certified Public Accountant (CPA)

While most Certified Public Accountants do not give specific investment advice, they are invaluable in maximizing your college related tax benefits. Many things like the Hope Scholarship and the Lifetime Learning Credit, as well as Section 529 and Education IRA withdrawals, have complex tax rules.

Even if you’re already using a trusted CFP or Registered Representative to help you manage your college investments, these individuals are usually prohibited by law from giving you tax advice. Using a CPA in conjunction with one of these other professionals will help make sure you maximize your tax deductions and credits.

The Enrolled Agent (EA) designation is a lesser known, but equivalent designation in the world of tax preparation.

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