By definition, if you’re using the defray calculator, you’re defraying your tuition and fees.
But it turns out there’s a bit of a loophole in this definition.
As of April 2018, defrayal has become a term defined as “defraying costs to students and/or non-academic expenses.”
This means you can now defray up to 50% of your costs on a full-time or part-time basis.
If you’re going to use it on a part-year basis, that means that you can deduct up to $1,500 a year on a 10-month basis.
This means that if you plan to use defray on a partial-year or even a full year basis, you’ll be able to save up to 25% on your costs.
Here are the key things to know about defray: Defray can only be used on a fully-time student, full-year student, or part year basis.