Student Loan Deferment and Tax Credits at ACHS

As an institution that participates in federal student aid programs, you may also be eligible for in-school deferment of your current student loans (if applicable) and tax credits.

In-School Deferment - Title IV Eligibility

American College of Healthcare Sciences (ACHS) is a Title IV participating institution, which means you may be eligible for an in-school loan payment deferment, and/or you may be eligible for tax credits.

ACHS students who have outstanding Federal Stafford, Perkins or Direct PLUS Loans may file for an in-school deferment of their payments. Eligibility requirements are as follows:

Students must be enrolled at least half-time. ACHS undergraduate students must be enrolled in a minimum of six credits per semester to be considered at least half-time students. ACHS graduate students must be enrolled in a minimum of five credits per semester to be considered at least half-time students.
Students must be enrolled in a program leading to a degree.
Students must make progress toward their expected graduation date in order to continue deferment.

Learn more about deferment, or contact your loan servicer. To apply for deferment, you will need to obtain a deferment form from your servicer and submit it with supporting documentation. Your financial institution may also use the National Student Loan Data System (NSLDS) or the National Student Clearinghouse to collect information about your enrollment status. You must continue to make loan payments until you receive notification that your deferment has been approved.

Important Information:
American College of Healthcare Sciences Office of Postsecondary Education ID (OPE ID) Code: 041944
American College of Healthcare Sciences status: Title IV participating institution

American Opportunity and Lifetime Learning Tax Credits

To help you pay for higher education, the federal government offers two tuition tax credit programs. These can reduce your family’s federal income tax bill. Your family may not claim more than one credit for the same student in any one year.

The American Opportunity Credit and the Lifetime Learning Credit are available to qualified enrolled students. ACHS will make a 1098T statement available to all students in January each year.

Who can claim the tax credit?

If you are claimed as a dependent on another person’s tax return, that person can claim the credit. If you are not listed as a dependent on another person’s tax form and you’ve paid college expenses, you can claim the credit on your tax return.

How can I learn more?

Consult IRS Publication 970, Tax Benefits for Education, for specific details and restrictions. You can also consult your tax advisor or financial planner for more complete information.

American College of Healthcare Sciences Office of Postsecondary Education ID (OPE ID) Code: 041944
American College of Healthcare Sciences status: Title IV participating institution