fc99b715_ancial_Aid_Chart_for_Graduates__Aid_Information
[Type of Aid] Eligible Tax Credits More information from the IRS: http://www.irs.gov [Annual Limits] Lifetime Learning Tax Credit: up to a maximum $2,000 per year per family American Opportunity Tax Credit: up to a maximum $2,500 per year per family for tax years 2009-2010 only. [Requirements] Credit can only be taken for expenses covering tuition, fees, and and books (if the book expense was paid to the institution on condition of enrollment) minus any scholarships and grants received. Room and board, personal expenses and transportation are non-eligible expenses. [Aid Information] 
The IRS allows students and parents who file and owe taxes to claim one of two educational credits. Tax credits reduce your overall taxes paid dollar-for-dollar.
Financial Aid Chart for Graduates
Aid Information