American Opportunity Tax Credit

The cost of an education has never been higher. But by taking advantage of some tax benefits, you can at least put a small dent in some of those bills. Which of that complicated menu of tax benefits applies to you? DailyFinance breaks it down.

In February 2011, the U.S. House of Representatives passed an appropriations bill that would cut the Federal Pell Grant Program, beginning in July 2011. The bill is now being debated in the Senate as anxious students await the outcome for the college funding program. The Federal Pell Grant,...

Last week, U.S. Rep. Leonard Boswell (D-Iowa) proposed the Universal College Credit Act, which would double to $5,000 the annual tax credit for college students. It's a smart idea, but to really make it fly, that credit needs to be combined with a change you might find counterintuitive.

Here's a scary statistic: The average cost of a private, four year college is $26,273, an increase of 4.4% from last year. That works out to more than $100,000 per degree. As the mother of three kids (and a former student still paying off grad school loans), those numbers are pretty...