Examples of Qualified higher education expenses in a sentence
If Account assets are used for the same expenses for which an American Opportunity Tax Credit or Lifetime Learning Tax Credit is claimed, the amount of Qualified Higher Education Expenses will be reduced by the amount of the expenses claimed.
Increases in future Qualified Higher Education Expenses are uncertain and may exceed increases in the general cost of living.
In general, Qualified Higher Education Expenses include tuition, mandatory fees, room and board, and the cost of books, supplies, and equipment required for the enrollment or attendance of a Beneficiary at an Eligible Educational Institution, including undergraduate and graduate schools.
Qualified Higher Education Expenses also include expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, up to $10,000 (from all 529 Plans for that student, in the aggregate) during the taxable year.
Participation in the Program does not guarantee sufficient funds to cover Qualified Higher Education Expenses.