Get Tuition Fees & Expenses

Tuition and fees means the quarter or semester charges imposed to attend an institution of higher education and required as a condition of enrollment. Tuition and fees means costs charged by the Grantee for the enrollment and instruction of a student and may include costs of health insurance for the student.

Most academic programs have tuition rates based on the number of credits the student is enrolled in during a semester. Some programs have a range of credits that is considered the “full-time” rate, and students are assessed that rate for all number of credits within the full-time rate.

You can claim the American opportunity tax credit (AOTC) on 100% of the first $2,000 of your child's college tuition and expenses and 25% of the next $2,000 in tuition and related expenses, up to a maximum of $2,500 per year. The eligible expenses include: Qualified tuition and fees.

Tuition is the price you pay for classes. Along with tuition, you'll probably have to pay some other fees to enroll in and attend a college. Tuition and fees vary from college to college. Other college costs include room and board, books and supplies, transportation, and personal expenses.

Qualified education expenses Tuition and fees required to enroll at or attend an eligible educational institution. Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution.

Payments made directly to the lender, as well as those made to the employee, qualify. By law, tax-free benefits under an educational assistance program are limited to $5,250 per employee per year. Normally, assistance provided above that level is taxable as wages.

Taxpayers will receive a tax credit based on 100 percent of the first $2,000 of tuition, fees and course materials paid during the taxable year, plus 25 percent of the next $2,000 of tuition, fees and course materials paid during the taxable year.

The federal tuition tax credit is one of the top tax credits for post-secondary students. Even if you aren't reporting any income this year, you can use this credit to claim the eligible tuition fees (over $100) you paid to take courses at your school.