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i had a question concerning the use of gov't bonds to pay for tuition. the situation is that i get paid in grants up front in relatively large sums of money that i must live on for a while (up to, at times exceeding, a year). i read some posts here that brought up the fact that if you use your bonds to pay for tuition, that the interest is NOT taxable. is my <( vague )> understanding on the money or not? my concern is that i lose 3 months interest if i redeem the bonds prior to maturity, which is 5 years (?) and i am planning on redeeming in a year. after some haphazard research, my hunch is that i should just chuck the money in an ing acct., but i thought i would ask those wiser than i.

thanks *paperkut
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