Hope Tax Credit

Lifetime Learning

There are two tax credits available to MBA students.  Because these are credits and not “tax deductions,” you will receive the full amount of any credit you qualify for as a tax return.

This is usually referred to as the “Hope Scholarship Credit,” which is a little misleading because it isn’t a scholarship; it’s a tax credit.

This credit has been in the news lately, so you may have heard about it.  Unfortunately, it’s only for students who are in their first or second year of undergraduate studies (but not in subsequent years), so it doesn’t apply to you.

While you don’t qualify for the Hope Tax Credit, you probably will qualify for the Lifetime Learning Tax Credit discussed on the following page.

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