What to use?

charlieschm
Wed, 03 Jul 2013 22:47:22 +0000

You can tell your mother she can keep any federal income tax credits that she can get for your attendance at college. If your family owes enough it taxes, that can be $2,500 a year of tax savings for each of 4 years. That assumes that you and your family are paying at least $4,000 or so in college costs (which can include loans).