Tax Benefits

In addition to financial aid, the federal government offers tax benefits to families that pay educational costs. The benefits, which have been enhanced as a result of the Economic Stimulus Package, are in the forms of tax credits and deductions. College students and parents should take advantage of these credits and benefits which could add up to a significant savings. If you have questions regarding these credits and benefits, contact a tax professional or visit www.irs.gov.

Additional information regarding tax benefits may be viewed in the 2012 Higher Education Tax Benefits Booklet or on the NASFAA website.