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Treasury Releases Fact Sheet To Help Students Better Utilize AOTC

11 June 2014 0 views No Comment

In a blog posted to the Department of Treasury website earlier this week, the Obama Administration highlighted the complicated interaction between the Pell Grant and American Opportunity Tax Credit (AOTC). Difficulties in understanding how to optimally claim college benefits at tax time is likely causing some high-need students and families to miss out on the full amount of benefits they might otherwise receive. To assist students, Treasury has partnered with the Department of Education (ED) to create a fact sheet that outlines how and when a student should allocate the Pell Grant to tuition, fees, and course related materials, or to living expenses when filing a tax return.


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Home » Financial Aid, News, Scholarships, Student Loans

Treasury Releases Fact Sheet To Help Students Better Utilize AOTC

11 June 2014 0 views No Comment

In a blog posted to the Department of Treasury website earlier this week, the Obama Administration highlighted the complicated interaction between the Pell Grant and American Opportunity Tax Credit (AOTC). Difficulties in understanding how to optimally claim college benefits at tax time is likely causing some high-need students and families to miss out on the full amount of benefits they might otherwise receive. To assist students, Treasury has partnered with the Department of Education (ED) to create a fact sheet that outlines how and when a student should allocate the Pell Grant to tuition, fees, and course related materials, or to living expenses when filing a tax return.


Financial Aid News is sponsored in part by:


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