<p>Go to irs.Gov and look for Publication 970. If your parents’ modified AGI is $160,000 or less, then they may be able to take a $2500 tax credit (the American Opportunity Tax Credit) if $4000 of tuition was paid in 2014 with non tax-advantaged dollars. Personally, I feel that parents should try to give $ equal to their AOTC to their child, especially if the child (your brother in 2014, and then also you in 2015) used his/her own money (including loans) to pay the tuition.</p>