WCBC's accredited status allows many students and their families to take advantage of a variety of tax laws intended to provide benefit or even to reimburse a portion of their college expenses.
Here at WCBC, we are committed to providing a quality Christian education at an affordable price. As a significant benefit resulting from the pre-accreditation status received last year from Transnational Association of Christian Colleges and Schools, we are very pleased to announce that WCBC has just obtained “eligible institution” recognition by the U.S. Department of Education. This recognition is retroactive to January 1, 2016 and includes both the spring and fall 2016 semesters.
While WCBC is committed to not receiving government funding, we are happy that this recognition holds potential significant financial benefit for our students and their parents. Being recognized as an eligible institution allows WCBC students to take advantage of a variety of annual tax benefits available to students of eligible institutions such as the following:
While this list is not intended to be comprehensive or an authoritative guide on educational tax benefits, the potential annual benefit to our students is significant. We encourage you to seek out competent tax advice and to reference Internal Revenue Service (IRS) Publication 970, Tax Benefits for Education.
Please note that West Coast Baptist College is prohibited from providing legal, tax, or accounting advice to its students. The above information is not offered as tax advice, but is merely a summary of our understanding of current tax provisions. If you have questions regarding tax credits, deductions, eligibility, reporting of a tax credit on your tax return, etc., please contact a tax professional or the IRS Taxpayer Assistance line at 800.829.1040.