How much of my tuition will I get refunded on my income tax return?

Most likely 20% of your actual expenses paid during the year if you use the tuition credit. If you're in a higher tax bracket, you could use the tuition and fees deduction.

I forgot to mention, if you use the credit, you can also include your expenses for books.

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No special amount unless your expenses qualify for and you qualify for and meet all of the rules that have to be met and then the qualified amounts will be used to either reduce your total income down to help reduce your TAXABLE income amount and thus reduce you federal income tax liability.

Or possible as a federal income tax credit amount that would be used to reduce your federal income tax liability amount to -0- ZERO or maybe even increase your refund amount when you get to the last lines on the bottom of your correctly completed 1040 income tax return.

Go to the www.irs.gov website and use the search box for publication 17 and go to chapter 35. Education Credits

http://www.irs.gov/publications/p17/ch35.html

Hope that you find the above enclosed information useful

No it's not a percentage. Could be as much as $2500 though, or could be zero. Download IRS Publication 970 at irs.gov and read it to see what you might qualify for.

Expenses paid with loans are treated the same as if paid with cash..

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if read the information about the American Opportunity act. you will find out for yourself, and even if you qualify for the actual refund