Educational Tax Credits
Hope Scholarship & Lifetime Learning Credit
This year as you fill out your tax forms you may have the opportunity to claim substantial tax credits to defray the cost of paying for college.
We at Rochester Institute of Technology strongly urge you to take advantage of these government programs. The Hope Scholarship Credit could reduce your taxes by as much as $1,500 per student, while the Lifetime Learning Credit, could reduce your taxes by up to $1,000 per household.
While the University is unable to provide advice or information regarding your personal tax situation, we are pleased to provide the following list of references that may be helpful in assessing your education tax credit eligibility.
- IRS Publication 970 - check your local public library or order one from the IRS at (800) 829-3676.
- Tax Information for Students - operated by the Internal Revenue Service and provides tax information for students.
- Education Credits (Hope and Lifetime Learning Credits) - IRS tax form used to claim credit.
- Student Loan Tax Incentives - you may obtain a copy of your 1098T and connect to additional resources at this site.
- Paying for College — additional information