The Federal government and New York State offer tax credits for qualified undergraduate, graduate/professional and part-time postsecondary study, as well as a tax deduction for the initial interest paid on qualified loans.
  • New York provides a tax credit or deduction to help New York resident taxpayers with college tuition.
  • The Federal government offers tax credits and deductions in the form of the Hope Scholarship Credit, the Lifetime Learning Credit and the Education Loan Interest Deduction.