What are the tax benefits of saving for college?

In India, there are tax benefits for saving for college under Section 80E of the Income Tax Act. Interest paid on an education loan for higher studies can be claimed as a deduction from taxable income for up to 8 years. There is no upper limit on the amount that can be claimed as a deduction. This can help reduce your overall tax liability and make it easier to afford the cost of education. Additionally, some states in India also offer tax benefits for investing in specific college savings plans, so it's worth checking with your local tax authority to see if this applies to you.