During the first 6 months of 2020, Grace Bucknell attends university on a full time basis. For the last 6 months of the year, her studies continue, but only on a part time basis. The tuition fees for the year total $10,400, including $350 of special fees that are only charged to students in her program. As she has taken out a student loan to pay for these studies, she has 2020 interest payments on this loan of $623. Determine the total amount of education related tax credits that would be available for Grace for 2020.

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The Answer of During the first 6 months of 2020, Grace Bucknell attends university on a full time basis. For the last 6 months of the year, her studies continue, but only on a part time basis. The tuition fees for the year total $10,400, including $350 of special fees that are only charged to students in her program. As she has taken out a student loan to pay for these studies, she has 2020 interest payments on this loan of $623. Determine the total amount of education related tax credits that would be available for Grace for 2020.

During the First 6 Months of 2020, Grace Bucknell Attends