How to Get the Most From Education Tax Breaks

Parents can save hundreds -- or even thousands -- of dollars on their tax bill if they know where to look for savings.

This is possible by taking part in tax-advantaged college savings plans, as well as tax breaks available for students.

College tuition and fees at public four-year institutions rose 6.6% last year, far outstripping inflation, according to the College Board. So it's important to take advantage of any education-related tax break for which you qualify -- both before your children enter college and after the tuition bills start rolling in. ...