What’s a qualified tuition reduction?
IRS Publication 970, Tax Benefits for Education (http://www.irs.gov/pub/irs-pdf/p970.pdf) further explains the meaning of a qualified tuition reduction. A qualified tuition reduction is free or reduced rate tuition below the graduate level at an eligible educational institution (like Ohio University) for the following individuals: 1. Employees of the eligible institution2. Former employees of the eligible institution who retired or left on disability3. Widows or widowers of an individual described in (1) or (2) above4.