Student Loans – Stimulus Plan Gives Students Some HOPE

Must Read

Credit Debt Consolidation – A Legal Way to Settle Bad Credit Debt For Less – Part 2

These days we see every other person indulged in finding all possible ways and means to get rid of...

Child Molestation Attorney Is Your Best Bet In Getting You Out Of Trouble

Reviewing about figures can be particularly dreary. Not to mention it has been verified numerous times that figures can...

Getting a Home Loan The Easy Way

Building your own home nowadays is a real feat. If you are an ordinary man earning from a regular...

In addition to aiding the unemployed, the stimulus package provides added relief for students. However, student loan limits will remain the same which could end up preventing students in need from going to college. There were, however, some positives in the plan.Hope Scholarship Tax Credit – Increased to $2,500 100% of qualified tuition and related expenses of up to $2,000 can be claimed as a tax credit, resulting in a total tax credit of $2,500. This credit can be claimed during the first 4 years of college; it use to be the first 2 years.What Items Can I Claim as a Tax Credit? Tuition and fees & now course materials for tuition and feesWho Qualifies? Single – phased out if your adjusted gross income (AGI) is greater than $80,000 Married – phased out if your adjusted gross income (AGI) is greater than $160,000What if I owe very little in taxes, can I still claim a tax credit? You can receive a tax refund for up to 40% of the creditPell Grant Funding Increased The federal government increased funding for Pell Grants to $5,350 in 2009-10 and $5,550 in 2010/11 from $4,731. The grants which don’t have to be repaid are designed for the lowest income students.More options with 529 Savings Plans For those that don’t know, a 529 savings plan is a tax-free college savings account sponsored by a particular state or group of states and is only allowed to be used for college expenses. But now you can use your 529 savings plan to buy computers and other technology related items for your college education.Federal Stafford & Perkins Loan Limits are NOT Increased Despite the House of Representatives and the Senate requesting loan limits to be increased, the final bill did not include this much needed amendment. With lenders continuing to reduce or scrap their private student loan programs, students in need are left with few options to obtain credit for college.


Please enter your comment!
Please enter your name here

Latest News

Top 10 Provinces of Thailand Not to be missed for Travel

10 SuratthaniThe source of the proverbial Chaiya salted egg. Surat Thani is a province with many attractions,...

Underlight As Accent, For Power and The Main Light for Photography

Underlighting, in which fill or accent light comes from under the topic, is not widely used technique in the traditional Portraits, even though it will have...

How To Fix Overexposure As A Creative Tool, The Complete Guide

As an creative tool, overexposure is sort of underrated. What I’m close to propose could be a deliberate and well thought out technique for...

7D Mark II is Canon’s best DSLR cameras without full-frame sensor.

The expected long-awaited Canon EOS 7D Mark II are shipping in November for $ 1,799 without a lens. With a higher price tag, you...

Low key photography and How to isolate your subject.

Low key photography doesn’t depend on underexposure to make its point; the key to low key is that the majority of tones, even correctly...

More Articles Like This