Many federal tax incentives or credits are available to families with expenses for a student or students in college. These include:
- Hope Scholarship Credit
- Lifetime Learning Credit
- Tuition and Fees Deductions
- Education Savings Bonds
- 529 savings plans
- Corel Education Savings Accounts
- Student Loan Interest Deduction
Consult a tax accountant or the Federal tax code to determine if you are eligible to take advantage of federal tax regulations. Earlham College financial aid staff cannot provide tax advice.