Everyone knows the cost of college tuition has skyrocketed to almost incomprehensible levels. According to CollegeBoard.com, the average tuition and fees for in-state students at a public four-year college is $7,020, while the average full-time, out-of-state price tag is $11,528. Compare that to private four-year colleges that charge an average of $26,273 per year in tuition and fees, and the numbers can make any student – and most parents – extremely nervous.

Thank goodness for education tax credits that provide tax relief. However, students and parents alike must pay attention to some very important changes in several of the key plans.

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