You may be able to take a tax deduction for qualified tuition and fees for enrollment or attendance at an eligible postsecondary institution if you fall within the income requirements. The maximum deduction is $4,000.

Student loan interest deduction

You may be able to take a deduction for your student loan interest paid. In order for the loan to qualify, it should have been used to pay qualified higher education expenses for you, your spouse, or a person who was your dependent when you took out the loan. Individuals who are eligible can receive a deduction of up to $2,500 depending on your modified adjusted gross income.