Educational Tax Credits
The Taxpayer Relief Act of 1997 (TRA97) offers two tax credits that may be of benefit to students at Texas A&M University; the Hope Scholarship and Lifetime Learning Credit. Any taxpayer, taxpayer's spouse, or taxpayer's dependent who is enrolled in an eligible educational institution paying qualified tuition and fees may qualify.
Please Note: This information should not be considered as an official document. For additional information, please refer to the list of official documents at the end of this web page. Texas A&M University does not give tax advice. If you are seeking tax advice, please contact a professional tax consultant or the Internal Revenue Service at (800) 829-1040. FERPA mandates that Texas A&M University may only provide account information to the student account holder.
Tax credits can only be claimed for specific types of charges that you paid. The Hope Scholarship Credit can only be claimed for two tax years per eligible student.
There is no limit to the number of years that a Lifetime Learning Credit can be claimed for eligible students. Please refer to the table below for more information or contact your tax advisor or the Internal Revenue Service for advice on what you are entitled to claim.