Posted on 09/03/2009 6:37:48 AM PDT by FromLori
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.
OOOOOOOOOO!, You mean I will get some of my money back?
obama is giving nothing ....he is stealing your tax dollars
They want as many kids in “college” as possible. It’s how they have destroyed this country.
What is the grade requirement? What happens if they fail a class?
Fabulous! We get to pay for our kids college edu PLUS part of other people’s kids edu.! I wondered what we were going to do with all that left over $ anyway...
Is there no limit to this man’s generosity and compassion?
It’s surprising that Obama has all this money. Where did he get it?
Serve your country, pay off/pay down all debts, become somewhat successful in your field, all to pay for more non producers to get an additional perk?? All while me and my kids pay full fare for decent college educations??
The only pearl in this truckload of manure is it turning my wayward kids into “reality conservatives”
This will just lead to schools jacking up their tuition by $2500 ...
i’m quitting my job and going strictly under the table. i’ll barter for everything.
Excellent point lol the communist professors and to the others I do not know if there are grade requirements, etc.
NO! You'll get some of MY money.
Obama must be super rich to afford paying that out of his pocket.
Shovel Ready?
Creating jobs for more socialist professors?
We are at the point where the idiocy has become terminal and Zippy The Obamassiah hasn’t even implemented a fraction of the Hopey-Change he has in store for us.
What we need is about 10 Hurricane Andrews to hit Washington, DC at the same time as soon as the political royalty all make it back to town.
0bama’s rainbow unicorns crap skittles ... his leprechauns have inexhaustible pots o’ gold.
All hail the great 0bama!!!
I was talking with the son of the owner of the company I work for, and was saying how it hardly makes sense to go to work anymore when i can get all kinds of free stuff from the government and go fishing all day.
Some people pull the wagon, others are riding it. Pretty damn soon, as the wagon fills up, we're going to run out of pullers.
There is no limit to a politician’s generosity with other people’s money, nor to his compassion for those who reward him with their votes. Common thieves go to jail; uncommon ones go to Congress.
"Bow down and worship me, and all this can be yours." - Satan tempting Jesus in the wilderness
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