<p>If a student finishes undergrad in 2009 and then starts Grad school, is it possible to take the American Opportunity Credit for the first semester and then the Lifetime Learning credit for the Fall Semester? I realize that seeing which gets them more money would be great, but the AOC is refundable, but the tuition was only about $1800. The Lifetime Learning Credit isn’t refundable and the tuition was about $6K. </p>
<p>I certainly can’t find anything where it says one can’t do that. </p>
<p>Student is 24, so the AOC would be refundable on their return.</p>