DEFINITION of 'Qualified Higher Education Expense'

Expenses such as tuition and tuition related expenses that an individual, spouse, or child must pay to an eligible post-secondary institution.

BREAKING DOWN 'Qualified Higher Education Expense'

These expenses are important because they can determine whether or not you can exclude the interest off of a qualified savings bond from your taxable income.

  1. Prepaid Tuition Program

    One of the two major types of 529 plans. Prepaid tuition plans ...
  2. Tuition Insurance

    A type of insurance that allows families to recoup some or all ...
  3. Baccalaureate Bond

    A zero-coupon bond issued by certain states to assist families ...
  4. Education Credit

    A type of tax credit available to students of a post-secondary ...
  5. Lifetime Learning Credit

    A provision of the U.S. federal income tax code that lets parents ...
  6. Cost Of Attendance

    A figure provided by colleges and/or college financial offices ...
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