Financial aid forms and resources

2023-2024 Financial aid application forms

Other Resources

Tax benefits

There are several federal tax benefits available to students.

While tax benefits do not aid with tuition up front, they may provide financial assistance or relief down the road.

These education tax benefits include:

  • Lifetime Learning Credit
  • You may be able to claim a Lifetime Learning Credit of up to $2,000 annually for qualified tuition expenses.
  • American Opportunity Credit
  • You may be able to claim an American Opportunity Credit of up to $2,500 annually for qualified tuition expenses.
  • Tuition and Fees Deduction
  • You may be able to reduce your taxable income by up to $4,000 annually for tuition and related expenses.
  • Employer-paid Tuition Assistance
  • Employer assistance for both undergraduate and graduate coursework may be tax-free up to $5,250 annually.
  • Student Loan Interest Deduction

Student loan borrowers may be able to deduct up to $2,500 annually in interest paid. We encourage you to take advantage of this tax benefit while you are in school and make interest-only payments on your unsubsidized student loan to avoid the impact of compounding interest to your debt.

For information on education tax benefits, please consult the IRS, Publication 970, or your tax preparer.

Financial literacy

Carey Business School wants to ensure that you have the opportunity to gain knowledge and skills in managing your finances while you’re earning your degree— How can I create a budget and stick to it?  What is my credit score and what does it mean to me? How can I impact my credit score? What do I do if I’m a victim of identity theft?

Log into the Get Counseling Financial Wellness Resource Center and take one of our counseling sessions to help you answer these questions and more!

We believe financial literacy will not only assist you in making better financial choices now, but also far into your future.
Financial literacy guidance from federal student aid (pdf)

Know your credit score

Good credit can open doors to purchasing a home or a car, but obtaining credit also comes with risks if you do not fully understand the terms and conditions of your credit contract. Before you obtain a credit card, it is extremely important to weigh the benefits and the risks to make sure it is in your best interest to open an account.

Benefits and risks of credit cards


  • Helps in emergencies
  • Convenient
  • Easy for internet purchases
  • Required for car rental
  • Safer than carrying cash
  • Possible travel and cash-back rewards


  • High fees
  • ​High interest rates
  • Short or no grace period
  • Leads to impulse purchases
  • Can lead to bad credit if not used properly
  • ​Confusing credit terms

Credit report websites

All U.S. residents my receive one credit report from each bureau annually. Contact the three credit bureau reporting agencies below to request your copy.
Equifax or 1-800-685-1111
Experian or 1-888-397-3742
TransUnion or 1-800-888-4213

Debt management

Carey Business School takes student debt management seriously. We strongly suggest seeking other means of financing education to decrease dependence upon loans. Please give careful thought before acquiring additional debt.
We recommend that you:

  • Avoid borrowing if you can. Take advantage of Carey Business School’s payment plan.
  • Secure employment with a company that offers tuition reimbursement or remission.
  • Apply for external scholarships to decrease the need to borrow.
  • Pay the interest on your unsubsidized loans throughout the year to avoid capitalization of interest.
  • Pay interest on all loans which are in forbearance, deferment, etc. for whatever reason, even if only a portion of the amount due is viable.

How much should you borrow?
Use the Debt Repayment Estimator exercise at to better understand your loan debt.

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