National Association of Student
Financial Aid Administrators
Parent and Student Guide to Federal Tax Benefits for Tuition and Fees
Related IRS Publications
Publication 970 [PDF], Tax Benefits for Higher Education (Please note that the 2006 version of Publication 970 has not yet been made available by the IRS. This site will be updated with the correct Web link once it has been made available.)
Form 8863 and Instructions, Education Credits (Hope and Lifetime Learning Credits) [PDF]
Tax Topic 605, Education Credits
Frequently Asked Questions and Answers from the IRS, Education Tax Credits
The National Association of Student Financial Aid Administrators (NASFAA) created this general guide to federal education-related tax benefits for students and their families. We hope you have found useful the basic information about the Hope Scholarship tax credit, the Lifetime Learning tax credit, and the Tuition and Fees Tax Deduction. More detailed information is available from the IRS (including the links noted above) or from financial advisors. For additional information on the financial aid process, please visit our Web site for students and parents at http://www.StudentAid.org.
Updated February 1, 2007 on www.NASFAA.org, the Web Site of the
National
Association of Student Financial Aid Administrators (NASFAA).
Copyright 2007.
Permission to reprint or distribute is granted to NASFAA Members.
