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Cash Management Department

  1. How is the amount of the American Opportunity or Lifetime Learning Credit determined?

    The amount of the credit is determined by the amount you pay for qualified tuition and related expenses paid for each eligible student and the amount of your modified adjusted gross income (AGI).

    References:

    1. Publication 970, Tax Benefits for Higher Education.
    2. Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits).