Tax Provisions

AJCU has worked extensively to maintain a number of tax provisions that have been important to our Jesuit institutions and to higher education throughout the years. By providing tax credits, deductions, and other benefits, primarily to middle class families, most of these provisions have assisted students and parents in offsetting the cost of higher education. Other provisions have benefited our institutions by incentivizing donations and by supporting research and development at our colleges and universities. For this reason, AJCU will continue to support the preservation of the following tax provisions:

Select Provision Described:

The student loan cancellation and repayment assistance may be eligible for tax-free treatment for qualifying borrowers. If a student loan qualifies, borrowers whose loan is canceled might be exempt from declaring the loan amount in their income. Furthermore, student loan repayments made to a borrower may be tax free under certain qualifications. For full information on the program and qualifications, please see the IRS Publication 970, “Tax Benefits for Education.”