If you make a good case, your company may agree to reimburse you for at least some of your costs. Like traditional students, many adult students must borrow money to pay for college. But only the first 60 months of required loan payments are eligible for this deduction. Sallie Mae, which provides money for federally guaranteed student loans, has a new program for adult students who don't qualify for traditional, four-year college loans. The Career Education Loan is available for continuing education programs, including two-year programs and classes taken via the Internet.
Adult students can also borrow money to buy a computer.
Hope Scholarship Credit and Lifetime Learning Credit . These tax credits come right off the amount of tax you owe, unlike a deduction, which only reduces your taxable income. To qualify, you must enroll in at least half the normal full-time workload. Tuition and fees are eligible expenses for the credit. Books, room and board aren't covered.