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Four Tax Breaks Every College Student Should Know About | Business Insider

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A recent report by the New York Federal Reserve Bank shed a sobering light on how much debt Americans will carry with them into the new year.

Though they managed to end the third quarter of 2012 with a $74 billion lighter debt load overall, consumers upped their non-mortgage credit debt by another $2 billion and took on $42 billion in new student loans.

Heading into tax season, it's the student loan figure that is possibly most troubling. It was only last spring that the U.S. Government Accountability Office found Americans managed to leave behind nearly $800 million worth of college tuition tax benefits in 2009 -- an average of $466 per person

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