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Financial Aid & Your Taxes

To help offset the costs of higher education, the United States government offers tax deductions, tax credits and savings accounts for students and their families. This section contains an overview of Internal Revenue Service programs for those seeking a college degree. For more information, contact your tax advisor or the Brooklyn Campus Office of Student Financial Services.

In addition, information can be found in the IRS Publication 970 (2008), Tax Benefits for Education.

• Coverdell Education Savings Account (formerly Education IRA's)
• The Lifetime Learning Credit
• The Hope Scholarship Credit
• Qualified Tuition Programs (QTPs)
• Tax Benefits for Education