By now, everyone knows that the Obama administration’s stimulus bill is designed to get the economy moving again. However, you may not know that most of the bill’s $70 billion for education will go to low- to middle-income individuals.
A major part of the bill is a $13.8 billion tuition tax credit boost called the American Opportunity Tax Credit. This tax credit reimburses 100 percent of the first $2,000 of educational expenses for lower income students. For the next $2,000, students will receive a 25 percent reimbursement. In short, lower income students will receive $2,500 in education reimbursements per year.
The bill also features other benefits for low-income students. Families that do not earn enough to pay income taxes can receive a $1,000 education refund.
"These kinds of incentives from the government don’t come along very often," says Janet Hill, financial aid and education counselor at ClassesandCareers.com, a free online education service. "If people have been thinking of going back to school, now would be the time to do it. If they are hurting financially, they can easily get the money they need to get a degree." These benefits are set to expire after the 2010-2011 school year.
Fortunately, thanks to a growing number of online education options, degree-seekers can take advantage of President Barack Obama’s stimulus bill without leaving their jobs. Sites like Classes and Careers.com have helped nearly 500,000 degree-seekers get their stimulus money and enroll in online universities.
"We help people learn how to take advantage of this bill," says Hill. "All they have to do is visit our form and fill it out. We guide them through the rest."
Have you been putting off a college education because of lack of money? Now is the time to get the money you need. Visit ClassesandCareers.com and fill out their form. An education advisor will help you get your share of the stimulus money and find the best degree program for you.
Tags: disadvantaged and college, free money, money for school, money to enroll, Obama stimulus, online education, stimulus
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WILL YOU SEND ME SOME INFORMATION ON THE OBAMA STIMULUS PLAN ON 2,500 TO ATTEND COLLEGE/UNIVERSITY
Will you please send me some information on how to enroll into the obama stimulus plan of 2,500.
WILL YOU SEND ME SOME INFORMATION ON THE OBAMA STIMULUS PLAN ON 2,500 TO ATTEND COLLEGE/UNIVERSITY and the 1000 for low income pll with kids in collage
WILL YOU SEND ME SOME INFORMATION ON THE OBAMA STIMULUS PLAN ON 2,500 TO ATTEND COLLEGE/UNIVERSITY
Do you get this refund when you file your taxes or is it something you get up front. The article sounds like you get it up front but then, it refers to a tax refund. I went to the site after reading the article and it just looks like they want you to request information from different schools; I’m already in school as of this year. Also, what is the income limit for this stimulus money?
Please send me some information on how to get some of the Obama stimilus money for school. I start school at the end of October for nursing and that money could help me a lot. Thanks
WILL YOU SEND ME SOME INFORMATION ON THE OBAMA STIMULUS PLAN ON 2,500 TO ATTEND COLLEGE/UNIVERSITY
I just started at Kaplan a week ago and I need that because it would help me out alot, can I please get more information? Is this a tax credit or a refund to me for what I am paying? Pleas etell me how I can obtain this. Thank you in advance.
How do I get some of this money. I have already started school.
I am a current Sanford Brown Student hoe can I get this money?
Can current students get this money also?
will you please send me info on the obama 2,500 and 2,0000 stimulus to go to college plus the form to fill out, thank you
i am enrolled in a class at college. am i still qualified,