Sterling Scholar Scholarships

The Federal Government has established several tax benefits to help students meet the cost of higher education. Those benefits include:

Education Tax Credits

The Hope Tax Credit - Up to $1,500 in tax credit
Lifetime Learning Tax Credit - Up to $2,000 in tax credit
Click here for more information about Tax credits-IRS Tax Topic 605-Education Credits

Deduction for student loan interest

Tax-free withdrawals from state-sponsored and private tuition savings plans and educational savings accounts

For more information regarding these tax credits, please contact your tax consultant or refer to IRS Publication 970-Tax Benefits for Education (pdf).

**This information is not intended as legal or tax advice, nor can Snow College at any time provide tax advice. Individuals should contact a tax advisor or IRS Publications, Forms and Instructions for more information concerning these tax benefits.**