The federal government provides tax benefits that may help offset college expenses for those who qualify. Income limitations may apply.

American Opportunity Grant

Students must be enrolled in college at least half-time for one period of the tax year and be pursuing an undergraduate degree..

Lifetime Learning Credit

Students must be enrolled for at least one academic period beginning in the tax year.  This credit is also allowed for courses toward a degree, educational credential or for classes taken to improve job skills.

See irs.gov or talk to a tax adviser for more details about these benefits.Edvisors also provides an overview of education tax benefits.