Yes, there are benefits applicable, you can use these benefits to recoup some of the expenses that you have spent on tuition or loan interest. You can also use the benefits to maximize your college savings
Is it possible for me to withdraw funds from an IRA account to cover my college costs?
Yes, this is possible. You will need to pay income tax on the amount you withdraw from your IRA account, but no early withdrawal penalty will be applicable
How do I go about applying for tax credits for my education costs?