source

Quote :

"New tax break for students With college costs rising at almost twice the rate of inflation, it can be tough to make those tuition bills in any economy. But this economy has prompted some federal help to cut college costs with the American Opportunity Tax Credit. The new tax cut, which was included in the stimulus package that passed earlier this year, actually beefs up an old college tax break, the Hope Scholarship Credit, says Eric Smith, spokesperson for the Internal Revenue Service. The new version increases the tax credit for higher education costs to $2,500 from $1,800 and can now be claimed for four years instead of two. Costs of books and course materials have been added to qualifying expenses. Income levels have also been raised so that more people can qualify—couples earning up to $160,000 and individuals earning up to $80,000 are eligible for the full credit. Those earning more—couples up to $180,000 and individuals up to $90,000—would get a partial credit. The stimulus package also has increased the Pell Grant by $500 to $5,350 for 2009 and $5,550 for 2010. "

5/20/2009 12:45:59 PM

sweet

5/28/2009 10:29:31 AM

what effect does this have for graduate students? I'm assuming this only applies to new undergrads?

6/15/2009 8:30:06 PM

Awesome, just in time.. wait no its late .

6/15/2009 8:42:09 PM

^^?

6/29/2009 9:17:06 PM

http://news.yahoo.com/s/ap/20090629/ap_on_bi_ge/us_student_loan_relief;_ylt=Ajj7AlNhPIS89n_OLkpnn5yyBhIF;_ylu=X3oDMTJuYXA2ZzYzBGFzc2V0A2FwLzIwMDkwNjI5L3VzX3N0dWRlbnRfbG9hbl9yZWxpZWYEY3BvcwMxBHBvcwMxBHNlYwN5bl90b3Bfc3RvcnkEc2xrA2Zvcm1vZGVzdGVhcg--

whats the deal with this?

6/29/2009 11:16:52 PM

bttt for the evening folks

6/30/2009 10:04:10 PM