----- college financial aid summary -----

summary: tax credits

Two (2) quick notes about tax credits

financial aid summary note

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 summary note

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

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