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.

RELATED TERMS
  1. 529 Plan

    A 529 plan is a tax-advantaged account for saving and investing ...
  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. Registered Education Savings Plan ...

    A Registered Education Savings Plan - RESP is a government-sponsored ...
  5. Cost Of Attendance

    Cost of attendance is the figure provided by colleges and/or ...
  6. IRS Publication 972: Child Tax ...

    IRS Publication 972 is a document published by the IRS to provide ...
Related Articles
  1. Personal Finance

    The Last States With Prepaid Tuition Plans

    Prepaid tuition could save you thousands of dollars and unwanted stress. Find out where you can still find them.
  2. Personal Finance

    Are You Taking Advantage of the College Tuition Tax Credit?

    Parents with a child enrolled in college should check out the college tuition tax credit, a boon that can help defray the cost of a university education.
  3. Personal Finance

    10 Companies That Will Pay for Your MBA (BAC, WFC)

    Discover ten institutions of higher learning that are willing to help finance your MBA in exchange for your commitment to work for them.
  4. Insurance

    Should You Have Tuition Refund Insurance?

    A child dropping out of school can mean forfeiting pricey tuition. Find out what protection is available and when it's worth it.
  5. Taxes

    Maximize Your Tuition Tax Benefits This Year

    To help college students pay their tuition bills and give America that extra push to get an education, the government has come up with a $2,500 tuition tax credit.
  6. Personal Finance

    How to Get Paid to Go to School

    Tuition benefits, grants and scholarships can help you get paid to go to school, and enjoy the payoff from your degree without racking up student debt.
  7. Taxes

    A Look at the Cost and Tax Treatment of College

    Is there more we can do to improve the affordability of post-secondary education? We take a look at how students and colleges are taxed today.
  8. Personal Finance

    Avoid These 3 College Tuition Blunders

    Avoid these big financial blunders when trying to save or pay for college.
  9. Personal Finance

    College Tuition: 8 Mistakes Parents Should Avoid

    Here are 8 mistakes parents should avoid while saving for college tuition.
RELATED FAQS
  1. What is the Education Savings Bond Program?

    Learn about the education savings bond program and find out if you are eligible to use your savings bonds for payments toward ... Read Answer >>
Trading Center