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Current StudentsPaying for College | Hope Scholarship
What is the Hope Scholarship Tax Credit?
The Hope Scholarship Tax Credit of up to $1,500 may be claimed against federal income
taxes for the payment of qualified tuition and related expenses. Eligible students must
be enrolled at least half-time (min. 6 credits) in a program leading to a recognized education
credential (i.e., associate's degree, vocational-technical certificate, etc.).
What is the Lifetime Learning Credit?
The Lifetime Learning Credit may be claimed against federal income taxes for an amount
equal to 20% of the taxpayer’s first $5,000 of out-of-pocket qualified tuition and related
expenses for all the students in the family. Eligible students do not need to be enrolled at
least half-time in one of the first two years of post-secondary education. If the taxpayer
is claiming a Hope Scholarship Credit for a particular student, none of that student's expenses
for that year may be applied toward the Lifetime Learning Credit.
What information will the Seattle Community College District provide?
At the end of January, 1098T forms are mailed by the District to students who were enrolled
for at least 6 credits at one of the Seattle District campuses. Students who took a total of at
least 6 credits at more than one college may also be eligible for the credit, although they
may not have received the 1098T form. It is the responsibility of the student and/or individual
taxpayer to determine his or her eligibility and the deductible amount of tuition/fees. The
college cannot assist students with these questions. For specifics on the tax issues involved,
contact the Internal Revenue Service or your tax advisor.
IMPORTANT!
Make sure your mailing address is correct.
To update your mailing address online:
For more information
- Internal Revenue Service: 1-800-829-1040
- Internal Revenue Service website:
www.irs.gov
and search for "Education Credits (Hope and Lifetime Learning Credits)"
- Seattle Community Colleges Hope Information Line: 206-587-6300
(information request and message line for those without Internet access.)
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USE OF SSN / ITIN
To comply with federal laws, we are required to ask for your Social Security Number (SSN) or
Individual Taxpayer Identification Number (ITIN). We will use your SSN / ITIN to report Hope Scholarship/Life
Time tax credit, to administer state/federal financial aid, to verify enrollment,degree and academic
transcript records, and to conduct institutional research.
If you do not submit your SSN/ITIN, you will not be denied access to the college; however, you may be subject to civil
penalties (refer to Internal Revenue Service Treasury Regulation 1.6050S-1(e)(4) for more information).
Pursuant to state law (RCW 28B.10.042) and federal law (Family Educational Rights and Privacy Act),
the college will protect your SSN from unauthorized use and/or disclosure.
View Hope Scholarship Information
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