The Taxpayer Relief Act of 1997 provides tax relief for qualified taxpayers or for the qualified parent or guardian taxpayer of a qualified student dependent. Certain eligible expenses that are incurred for studying at Trenholm State Community College may result in a credit against tax liability. There are three tax credits available to help you offset the costs of higher education by reducing the amount of your income tax: The Hope Credit, American Opportunity Credit, and the Lifetime Learning Credit, also referred to as education credits. The Hope and Lifetime Learning Credits may not be claimed at the same time for the same student. For additional information, see Internal Revenue Service (IRS) Publication 970, Tax Benefits for Education at www.irs.gov. For those who have made tuition payments to the College, a Tuition Statement (IRS Form 1098-T) will be mailed to them by January 31 of the following year. The Tuition Statement reports the amounts paid to the College during the previous year for tuition and related fees and provides the name and telephone number of the Trenholm State contact person.
Disclaimer: Programs with the Financial Aid department are mandated by federal and state guidelines and regulations. Be advised that the information contained in this section of the College Catalog is subject to change.
*GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill.