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Tax breaks for students  Anchor Intro: Now that college students
have returned to campus and those tuition checks have been
cashed, will you be getting any tax savings? Odds are you will.
Bankrate.com takes a trip to campus to see how smart tomorrow's
grads are when it comes to deducting their expenses.  -
advertisement -  Voice over 1: You don't have to write too many
tuition checks to know that college costs a bundle. But at least
some of those expenses are deductible, and effectively reduces
the cost.  Voice over 2: But does today's students even know
what tax breaks they're entitled to? We're going to find out
with a simple impromptu quiz. And we'll start with something
really easy: Are college expenses even deductible at all?  MOS:
"I'm not sure. Maybe."  Voice over 3: Tuition and fees are
deductible, up to $4,000. That's just tuition, registration and
fees, not books, room and boa