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While it is not Purdue's role to act as a tax advisor, we feel it is important
that you know about the benefits available through Hope Scholarship and
Lifetime Learning Tax Credits.
Please share this important tax information with others if they will be claiming
you as a dependent on their federal tax return.
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The Taxpayer Relief Act of 1997 created several new tax benefits for families. Taxpayers may be eligible to claim a nonrefundable Hope Scholarship credit against their federal income taxes for each eligible student during their first two years of college. The Lifetime Learning Tax Credit may be available to taxpayers for qualified educational expenses beginning with the third year of college.
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