Coordination with other Federal benefits

(a) Concurrent benefits A dependent may receive educational assistance under this Act concurrently with other forms of Federal student aid, including grants and loans under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), and other postsecondary education benefits under Federal, State, and local law. (b) No effect on retirement or other benefits Educational assistance provided under this Act shall not be considered wages or compensation for purposes of determining eligibility for, or the amount of, any retirement or other employment-related benefit, or for other means-tested public benefits, except as otherwise provided by law. (c) Tax treatment Educational assistance provided under this Act shall be exempt from taxation under the Internal Revenue Code of 1986.