<p>[Senator</a> Charles E. Schumer](<a href=“http://www.schumer.senate.gov/record.cfm?id=338187&]Senator”>http://www.schumer.senate.gov/record.cfm?id=338187&)</p>
<p>The American Opportunity Tax Credit was extended by Congress through 2017. It provides $2500 of tax credits per college student for 4 undergraduate years.</p>
<p>Federal tax deductions for student college loan interest deductions were also extended into the next few years.</p>