My brother is about to get a loan for dental school for two years ( each year about 100k) ( this is kind of a pathway for foreign dental grads to get into US dental schools). I can help him with 50-60K a year that he offered to pay back over 4-5 year when he starts working ( not charging him interest off course). Do I get any tax benefit from doing that ? How much ? Is there an upper limit for the benefit/amount I can gift him ? Is this even a financially reasonable decision for me/him ?
Thanks in advance
Thanks in advance
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