Generally, information related to tuition can vary from year to year. This in turn affects the type of education credit that can be claimed on your tax return.
The credits can also vary depending upon how many years the education credit was claimed. For example, the American Opportunity credit only applies for the first 4 years of college while studying to get a degree. The Lifetime Learning Credit has no limit on the number of years it can be claimed.
Therefore, while the institution information may remain, the remaining information is cleared so you can provide the most recent information applicable to the latest tax year for each child. This helps to ensure you are given the credit that is allowable and applicable to your tax return based upon current information.
Please see this link as well for additional information on qualified education expenses that can also be claimed on your tax return in order to compute the applicable education credit.
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