More Grad School Free Money: Taxes
By
Kim Clark
Posted March 21, 2008
Even if you don't get a scholarship or grant, you might still get at least a little free money from Uncle Sam. You might be able to get a bigger refund on your taxes by:
- Taking advantage of the Lifetime Learning Tax Credit.
- Deducting your tuition expenses from your taxes.
- Deducting the interest on your student loans from your taxes.
A good summary of educational tax benefits was published by the National Association of Financial Aid Administrators: Parent and Student Guide to Federal Tax Benefits for Tuition and Fees.
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