Lifetime Learning Tax Credit
The Lifetime Learning Credit provides up to $2,000 per tax return for qualified tuition and related expenses. Unlike the American Opportunity Credit, there is no limit on the number of years it can be claimed, and it covers graduate-level courses.
Award Amount
$2,000
per year
Deadline
Tax filing deadline
application due
GPA Required
None
minimum
Field of Study
Any
eligible majors
Eligibility Checker
Enter your information below to check if you meet the basic eligibility criteria for the Lifetime Learning Tax Credit.
Requirements Checklist
Track your progress — check off requirements as you complete them.
0/4 completeApplication Tips
No limit on years you can claim
Covers undergraduate, graduate, and professional courses
Covers courses to acquire or improve job skills
Per tax return, not per student
Scholarship Value Calculator
Annual Value
$2,000
per year
4-Year Total Value
$8,000
if renewed each year
Loan Interest Saved
$2,800
at 6.5% over 10 years
Pro tip: Every dollar in scholarship funding saves roughly $1.35 compared to borrowing the same amount through student loans at 6.5% interest over a 10-year repayment period.
Eligibility Details
| Eligibility | Students or their parents with modified AGI under $90,000 ($180,000 for joint filers) taking courses at eligible institutions |
| Demographics | All students |
| Field of Study | Any |
| Type | federal |
| Renewable | Yes — renewable annually |
Frequently Asked Questions
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