Financial Aid

Resources

Tuition and Fees Payment Plan

The Installment Payment Plan has been established to help students manage tuition and fee payments for fall and spring terms by dividing payments into multiple installments, but equal installments.

Tax Information

Current federal tax laws have made some financial aid taxable income. Financial aid received (other than loans) above the cost of tuition, fees, and books are considered taxable income. You should contact the IRS or a tax preparer for additional information.

Educational Income Tax Credits

There are educational income tax credits that can reduce you or your family's federal taxes. The Lifetime Learning Credit is available for any level of post-secondary study, up to a current maximum of $2,000 per student per year. The American Opportunity Credit is available for up to a current maximum of $2,500 per student per year for the first four years of school towards a degree. For more info about tax credits, you can visit the IRS website, or you may contact a tax preparer.

Student Loan Interest Deduction

You may be able to reduce your taxable income for interest paid during the tax year on your student loans. This benefit applies to loans used to pay for higher education expenses. For more information about tax credits, you can visit the IRS website or you may contact a tax preparer.

Are you impacted by COVID-19?

  • Reduction/Loss of Income - If you, your spouse, or parent (for dependent students) experienced a loss or reduction of income due to COVID-19 there may be an opportunity for the Financial Aid Office may use professional judgement to re-evaluate your application. Contact your campus Financial Aid Office.
  • Withdrawing from Classes - If you are concerned about your academic progress as it relates to financial aid due to COVID-19 related challenges, please reach out to your campus Financial Aid Office.
  • Student Loans - There has been some federal relief for student loan borrowers who are currently in repayment, delinquent, and defaulted. More detailed information can be found at the Federal Student Aid website.

Other Resources

UH System Resources website: https://www.hawaii.edu/covid19/
Basic Needs Resources website: https://www.hawaii.edu/student-basic-needs/