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IRA Withdrawal for Payment of Student Loans?

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    #1

    IRA Withdrawal for Payment of Student Loans?

    Client withdrew from his IRA for the purpose of paying his student loans. Under 59-1/2. Would this be any one of the exceptions to the 10% penalty?
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    #2
    to qualify expenses must be paid in same year as IRA distribution. I don't think that applies to loans, but I could be wrong. I found this answer in TTB page 13-3

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      #3
      No exception to 10% penalty for repaying loans.

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