Susan participates in a Section $403($b$)$ plan at work that includes loan provisions. Susan has recently enrolled in college and has inquired about the possible consequences of borrowing from the Section $403($b$)$ plan to help pay for her education. As her financial planner, what is your advice to her?

A$)$

The loan must usually be repayable within five years at a reasonable rate of interest.

B$)$

The loan will statutorily be treated as a taxable distribution from the plan.

C$)$

The loan is not being made for reasons of an unforeseeable emergency and, thus, is not possible.

D$)$

The Section $403($b$)$ plan cannot make loans to participants as loans are only available from a qualified plan.