How Parents Can Help
Parents can invest in their children's education through savings, current income, tax credits and borrowing.
In addition to paying costs by personal check or credit card, Emmanuel offers families the option of spreading tuition payments over the course of the academic year with an interest-free 10-month payment plan through Tuition Management Systems, Inc.
There are many educational loan products available, including several parent loans. Two of these include the Federal PLUS Loan and MEFA Loan.
When you pay for tuition and fees, you or your parents may be able to recover some of these expenses through federal tax credits or deductions. Tax credits and deductions have included the Hope Scholarship Tax Credit, Lifetime Learning Tax Credit, Tuition + Fees Deduction and Student Loan Interest Deduction.