Tuesday, November 24, 2009

Paying for College

How the Stimulus Helps You Pay for College

Experts say the tax credits probably won't help much, but the Pell grant increase could work

Posted February 12, 2009

"Middle-income people are feeling squeezed" by rising tuition costs, and there aren't many other good options for helping them, Rueben says.

 

Reader Comments

stimulus money for college education

I receive disability social security. I am in my second year of college and working on a bachelor degree. I can barely make ends meet on my $760.00 per month. I want to go into a PA program at my local university, but I don't know if I can get help to pay tuition.How is this going to help me. The state of Tn. has scholarship money from the lottery but I don't qualify since I have been out of school since 1971.That is another situation that I think is unfair.

couple technical errors otherwise OK

when reading tax law (or tax publications) the devil is in the details. couple tecnical erros above otherwise OK

it goes like this

1. there is the description of what you think you will get

2. then there is/are the definitions of all the words and wording

(this is important) its somplace.

3. then there is the exception, exclusions and exceptions

then after all this IRS publications are NOT the definitive word only the law is (Title 26) And Senate Bills

You need to connect all the dots until you are sure that you have it all interconnected defined and researched.

THEN... you have a 50-50 chance you got it right

CAO

this is big help

The article says it wont do much, but an extra $2,000 in my pocket at tax time is great!! I'm a part time college student, working full time and will get the credit for the next couple years. I'll spend it on something nice, hopefully not made in China. Until then, we need to take this opportunity to pay for a few classes each quarter or semester and improve our knowledge skills and reinvest ever4ything for the better..

Rob Siegmann

www.fmgonline.com

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