7) Go to College
Education credits are gold mines for qualifying students. The cost of tuition, room and board, books, and other qualifying factors in school are accounted for in education tax credits, which ap-ply to full-time students at eligible institutions. Students can receive deductions on student loan interest, work related education (often required by employers in certain fields), and education to maintain or improve skills within your work field. Scholarships and fellowships can also be tax free when used for course-related fees and tuition. Education tax credits are a great way for students to be paid back, at least small amounts, by bettering your education in effort to secure a stable career.