Financial Aid Resources
Student Aid and Identity Theft
Federal Student Aid and Identity Theft (PDF)
IRS Tax Benefits for Education
The federal government offers tax incentives when you or your parents pay for college through Tax Credits (direct reduction of tax liability) and Tax Deductions (reduction of the amount of income on which you pay taxes), if you meet certain conditions. MUSC cannot provide you with tax advice. Please contact the IRS or your personal tax advisor to determine if you are qualified to claim these tax credits and deduction.
Federal Tax Credits
State Tax Credits
Schools send the 1098-T form to any student who paid “qualified educational expenses” in the preceding tax year. Students may download the information from Heartland ECSI annually or contact the Bursar’s officefor assistance in obtaining the form.
Additional Tax Resources: