Total Education tax savings for college students in the United States, 1999 to 2015

The data displays the total amount of education tax savings across the U.S. per tax year from 1999 to 2015. In 2009, the year that the American Opportunity Tax Credit (AOTC) was introduced, the total amount of education tax savings stood at 18.6 billion 2015 USD as compared to 8.6 billion in 2007, before the tax credit was introduced. In 2015, the total amount of education tax savings was 17.7 billion 2015 USD.