I finished my college sophomore year in June and began my junior year in September. Can I take both the Hope and Lifetime Learning Credit in that year?
No, you cannot take both credits in one year for the same student. However, eligibility for the Hope Credit depends on your status at the beginning of the calendar year. If you are classified as a second-semester sophomore during the spring semester and as a first-semester junior during the fall semester of that same year, the qualified expenses you pay for the fall semester may be taken into account for the Hope Credit because you had not completed the first 2 years of your secondary education when the year began.
Related Questions
- I finished my college sophomore year in June and began my junior year in September. Can I take both the Hope and Lifetime Learning Credit in that year?
- I am a college sophomore, junior, or senior in the academic year 2008-2009. Am I eligible to apply for Minnesota’s Future Doctors?
- What if I’m not finished with Honors classes by the end of my sophomore year?
