Other Financial Aid

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Online Degree Tax Breaks

Financing an education is a difficult task. Make it easier.

The government provides many tax breaks in addition to grants and loans to learn more about grants and loans visit the financial center of the website.

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How America is Paying for a Higher Education

National Study from Sallie Mae and Gallup Shows Families Stretching to Pay for the Rising Costs of College Tuition

The SLM Corporation (NYSE: SLM), or known as Sallie Mae, currently is the nation’s leading saving, planning and paying for education company, and the Gallup, a company that has studied human nature and behavior for more than 70 years conducted a national study showing how families are digging deeper to invest in the rising cost of college.

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American Opportunity Credit

An Online Education Tax Break

Under the American Recovery and Reinvestment Act, more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses.

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Online Degree Tax Breaks

Financing an education is a difficult task. Make it easier.

The government provides many tax breaks in addition to grants and loans to learn more about grants and loans visit the financial center of the website.

Hope Scholarship Tax Credit- The name of this tax credit is misleading as it is not a scholarship rather it is a tax rebate. A family may claim $1,650 for each family member pursing higher education. Students must at least be taking classes part time. The taxpayer’s income must not exceed $57,000 or $114,000 jointly.

The student cannot have committed a drug related felony.Taxpayers cannot also take the Lifelong Learning tax rebate in conjunction with the Hope Scholarship Tax Credit. The credit can only be used for the first two years of postsecondary education. Fill out IRS Tax form 8863 to apply for the rebate.