RESTON, Va.–(BUSINESS WIRE)–In today’s economy, every dollar back in your pocket helps. That is why taxpayers who paid college tuition or interest on student loans for themselves or their children should ensure they are taking advantage of tax savings, says Sallie Mae, the nation’s leading saving- and paying-for-college company.

According to the College Board, 8.5 million taxpayers recently benefited from federal education tax credits and deductions, saving approximately $6.5 billion. Sallie Mae recommends taxpayers in college, taking a course, or paying interest on a student loan investigate whether they are eligible to claim one of the following credits or deductions