Saturday, February 28, 2009
Empty Office of the Bursar Friday afternoon. Parents and/or students might be able to pay tuition easier due to the temporary college credit increase.
Tax Credit Could Cause Paying Tuition Easier For OU Students
OU students and their parents might be able to breath easier when paying tuition because the expansion of the Hope Scholarship tax credit has been increased.
Due to Congress finalizing the economic recovery plan, a new temporary college tax credit called the American Opportunity Tax Credit, that extends the Hope Scholarship, has been increased from $1,800 to $2,500 for higher education costs, according to cnn.money.com.
"I think this will help parents on their [child's] tuition costs," Student Operations Manager Armand Chance said. "Obama seems to really want to help education."
OU students and parents can expect this increase to show up when they file for their 2009 taxes.
For more on Chance's interview, please click play.