The answer depends on what you are trying to accomplish and how your need to "adjust" your expenses. The rules vary depending on whether you are trying to claim a tuition credit or have a 529 plan distribution be tax free and whether the student received any scholarships.
One option, sometimes available, is for the student to declare some of his scholarship taxable, so that the parent can use some of the tuition, fees, and books/computer expenses to claim tax breaks.
For more specific help describe you situation.
