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Education Tax Benefits Articles

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Scholarship and Grant Tips for Nontraditional Students

Scholarship and Grant Tips for Nontraditional Students

Returning students can qualify for plenty of scholarship and grant opportunities.

By Jose Vasquez, author of Free Cash for College: The Everyday Students' Guide to Financial Aid
Published April 21, 2009
Are You Really Paying More for College?

Are You Really Paying More for College?

For years, the college cost inflation rate has been steadily rising by roughly 7% each year. The 2010-2011 academic year is no exception. According to College Board, who recently released their ...

By Kathryn Knight
Published November 12, 2010
Should I Claim Scholarships & Other Awards on My Taxes?

Should I Claim Scholarships & Other Awards on My Taxes?

Your scholarship may be taxable - discover how to report your scholarships on your taxes.

Elizabeth Hoyt
Published February 18, 2015
Obama Promises to Show Students the Money

Obama Promises to Show Students the Money

"There are few things as fundamental and necessary to American success than higher education." -- President Barack Obama

Kathryn Knight
Published April 24, 2009
The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding

The American Recovery and Reinvestment Act of 2009 includes a Big Boost in Student Aid Funding

The stimulus package increases federal student aid funding

Mark Kantrowitz
Published April 21, 2009
Survey Says: Families Perceive College Costs as Increasing by 17% Compared with Last Year

Survey Says: Families Perceive College Costs as Increasing by 17% Compared with Last Year

Sallie Mae and Gallup just released the results of their third annual survey of how American families pay for college. The survey found that families perceived college costs as increasing by ...

Mark Kantrowitz
Published August 9, 2010
How Obama Can Help Pay Your Tuition

How Obama Can Help Pay Your Tuition

Find out how President Barack Obama plans to change education.

By Lauren Bayne Anderson
Published April 21, 2009
Tuition and Fees Deduction

Tuition and Fees Deduction

The Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction ...

Mark Kantrowitz
Published May 18, 2009
A Hidden Financial Aid Gem Right Under Your Nose

A Hidden Financial Aid Gem Right Under Your Nose

Don't lose out on a bigger refund come tax season.

By Chris Diehl
Published April 21, 2009
Your Financial Aid Deadlines: 2014-2015

Your Financial Aid Deadlines: 2014-2015

Check your state’s specific listing to make sure you know which criteria apply!

Elizabeth Hoyt
Published February 11, 2014
Hope Scholarship Tax Credit

Hope Scholarship Tax Credit

The Hope Scholarship provides a federal income tax credit of up to $2,500 (40% refundable) per student based on the first $4,000 in postsecondary tuition, fees and course materials paid by ...

Mark Kantrowitz
Published May 17, 2009
Lifetime Learning Tax Credit

Lifetime Learning Tax Credit

The Lifetime Learning provides a federal income tax credit of up to $2,000 per taxpayer based on the first $10,000 in postsecondary tuition and fees paid by the taxpayer during the ...

Mark Kantrowitz
Published May 18, 2009
Student Loan Interest Deduction

Student Loan Interest Deduction

Borrowers of federal and private education loans may deduct up to $2,500 in interest as an above-the-line exclusion from income. This deduction may be taken even if the taxpayer does not ...

Mark Kantrowitz
Published May 18, 2009
Employer Tuition Assistance

Employer Tuition Assistance

Your employer may provide you with up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. The benefits must have been paid for tuition, fees, ...

Mark Kantrowitz
Published May 18, 2009
Programs and Scholarships to Pay Off Student Loans

Programs and Scholarships to Pay Off Student Loans

Looking for a bailout? Good news! The only catch is you'll have to do some good...

Elizabeth Hoyt
Published March 3, 2014
Prepare to Pay Even More for School

Prepare to Pay Even More for School

The current interest rate is 3.4 percent and, starting the first of July, would double for more than seven million students.

Elizabeth Hoyt
Published May 29, 2013
The “Free” Tuition Experiment

The “Free” Tuition Experiment

It seems as though many are considering the recent doubling of student loan rates as a tipping point to the education cost issue - with more alternative payment programs resulting.

Elizabeth Hoyt
Published July 10, 2013
How America Pays for College

How America Pays for College

Families have adjusted to the post-recession when it comes to paying for school, using grants and scholarships to fund the rising college costs.

Elizabeth Hoyt
Published July 24, 2013
The Restoration of Lower Student Loan Rates

The Restoration of Lower Student Loan Rates

After a series of summer negotiations, student loan interest rates have been restored to a more affordable percentage.

Elizabeth Hoyt
Published August 14, 2013
"Free Money" & Taxes

"Free Money" & Taxes

It’s important to know the differences between the types of award funding, along with any government regulations applied to student award funds.

Elizabeth Hoyt
Published February 18, 2015