Tax Credits
available tax credits for education expenses paid
financial aid types
American Opportunity Tax Credit
- Provides for a maximum $2500 per year per eligible student
- it is available only for the first four years of post secondary education
- the student must be enrolled at least 1/2 of the full-time workload in a program that leads to a degree, certificate or other educational credential.
- view IRS topic for more information
financial aid types
Life-Time Learning Tax Credit
- provides for a maximum $2000 per year per family
- it is available for any year of post secondary education including graduate work and for courses to acquire or improve job skills
- student does not need to be pursuing a degree or other recognized education credential
- view IRS topic for more information
Helpful Tools
Some helpful tools for tracking n' managing aid decisions:
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