Thursday, September 8, 2011

NEWS: Obama stimulus plan reimburses students for college expenses


President Obama has put in place a stimulus plan for students called the American Opportunity Credit to pay for college expenses. You can qualify if you haven’t filed or been claimed as a dependent on your 2010 taxes.

Students will recieve a tax credit based on 100 percent of the first $2,000 of tuition, fees, and course materials paid during 2010. Up to 40 percent of the credit is refundable, meaning that it can generate a refund larger that the amount of payments that you made. AOC is expected to have a limited life span for the years 2009 - 2012.

Students at Antelope Valley College can recieve anywhere from $500 to $1000. For more information on how to do so, contact Cynthia at (323) 320 - 1830.

By Kristi Phillips