Total Education tax savings for college students in the U.S., 1998 to 2016

Total Education tax savings for college students and their parents across the United States from 1998 to 2016 (in billion 2016 U.S. dollars)

Total Education tax savings for college students in the U.S., 1998 to 2016 This statistic shows the total amount of education tax savings across the United States per tax year from 1998 to 2016. In 2010, the year after the American Opportunity Tax Credit (AOTC) was introduced, the total amount of education tax savings stood at 22.4 billion 2016 U.S. dollars as compared to 7.1 billion in 2008, before the tax credit was introduced. In 2016, the total amount of education tax savings was 16 billion 2016 U.S. dollars.
Show more

Total Education tax savings for college students and their parents across the United States from 1998 to 2016 (in billion 2016 U.S. dollars)

Loading statistic...
Total Education tax savings in billion 2015 U.S. dollars
2016 16
2014 18
2012 18.5
2010 22.4
2008 7.1
2006 7.2
2004 6.6
2002 5.9
2000 6.3
1998 4.7
Total Education tax savings in billion 2015 U.S. dollars
2016 16
2014 18
2012 18.5
2010 22.4
2008 7.1
2006 7.2
2004 6.6
2002 5.9
2000 6.3
1998 4.7
Download Settings Share
Download started
Please be patient - this may take a moment
This statistic shows the total amount of education tax savings across the United States per tax year from 1998 to 2016. In 2010, the year after the American Opportunity Tax Credit (AOTC) was introduced, the total amount of education tax savings stood at 22.4 billion 2016 U.S. dollars as compared to 7.1 billion in 2008, before the tax credit was introduced. In 2016, the total amount of education tax savings was 16 billion 2016 U.S. dollars.
Show more
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
The cost of college
The cost of college

All Information
in one Presentation

The cost of college

Everything On "The cost of college" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "Saving for college in the United States"
  • Overview
  • Demographics
  • Confidence in saving
  • Savings behaviour
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.