The Hope and Lifetime Learning Credit are part of the Taxpayer Relief Act passed by Congress in 1997. With certain exclusions, taxpayers can claim tax credits for expenses they pay for postsecondary education for themselves and dependent children. We urge you to consult with your income tax advisor for specific provisions of this act. The University cannot provide tax advice regarding these credits.
Paying for College: Tax Benefits and Savings Options
For information please go to http://www.nacubo.org/documents/PayingforCollege2007.pdf