Paying for John Carroll
Every family is unique in how they can devise plans to pay and/or finance their contribution toward their John Carroll education. There are various planning strategies for families to consider. Some of the most common options include:
- Prepayment of tuition via check or cash
- Credit card options
- Credit Card Payment may be made through CheckFree. A processing fee of 2.75% will be charged by CheckFree. CheckFree accepts MasterCard and Discover at this time.
Tuition Payment Plan
Payment is due by the first day of classes to avoid any late fees. Please refer to the Cashier's Office with any questions.
Take advantage of tax breaks
Believe it or not, if you file a federal tax return and owe taxes, you can enjoy tax breaks when paying for education. In any year, you can take advantage of one of the following:
- Hope Scholarship Tax Credit - This is a credit that can be subtracted from your federal tax bill. You can claim the Hope Scholarship Tax Credit two times for one student—but only for the freshman and sophomore years.
- Lifetime Learning Tax Credit - A maximum tax credit of 20 percent of the first $10,000 of a student’s qualified educational expenses may be applied over an unlimited number of tax years.
- Tuition and Fees Tax Deduction - For taxpayers who don’t qualify for the Hope or Lifetime Learning tax credits, this deduction reduces taxable income.
Make sure you check with your tax preparer with regards to these educational programs.
For more information:
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