Option B: Applying through an Educational Institution
In a limited number of cases, an educational institution
may provide educational services to students free of charge and the education is wholly funded by government grants.
'It is clear and unmistakable from the aforequoted constitutional provision that non-stock, non-profit educational institutions are constitutionally exempt from tax on all revenues derived in pursuance of their purpose as an educational institution
and used actually, directly and exclusively for educational purposes.
According to Abrar Ahmed, President Private Schools Association Rawalpindi-chapter, opening of an educational institution
in the private sector is not a big deal.
The bill permits Florida Prepaid College Program beneficiaries the maximum choice permitted under [section]529 of the Internal Revenue Code in selecting an educational institution
at which the benefits of their plans could be used.