Thought I'd add this note from TheApple.com educators' website, just as much for myself as for all of you:

"With tax season upon us, it’s worth highlighting some of the major incentives available to students. Thanks to the new administration’s education reform, and the tax breaks it promises, more and more Americans will be able to pay for college.

As part of President Barack Obama’s economic stimulus package, students are now eligible for a tax credit of up to $2,500 in 2009 and 2010 (an increase from the maximum $1,800 of previous years).

The American Opportunity Tax Credit will be applied to the cost of tuition. It will also, for the first time ever, be applied to related expenses like textbooks. Forty percent of the tax credit (up to $1,000) will be refundable, and it will be available even to lower income families who don’t pay sufficient taxes to qualify for existing college tax breaks. Additionally, the credit can now be applied to all four years of college, as opposed to just the first two.

In addition to an increased tax credit, students can use a tax advantaged investment account, known as a Coverdell Education Savings Account (CESA). Students (or their parents) can deposit earnings, tax free, for educational costs (anything from elementary to college tuition). Up to $2,000 can be contributed to a beneficiary’s account per year.

And finally, take advantage of tax deductions available to students. You can deduct up to $4,000 of college tuition for yourself, your spouse or any other student claimed as a dependent on your return. Just keep in mind that this amount is the maximum, regardless of how many students per household."

There ya have it. Go to it. I am.