Which of the following statements is NOT true regarding tax benefits for education?
A) The American Opportunity credit may be claimed for tuition expenses incurred in the first 4 years of post-secondary education.
B) The dollar limitations for the American Opportunity credit are calculated on a per student basis.
C) The Lifetime Learning Credit is allowed for tuition paid for graduate program studies.
D) Room and board are qualifying expenses for the American Opportunity Credit.