Obama will give you $2,500 a year to go to school

By
Real Estate Broker/Owner with Real Estate Agency

If Billy Madison can do it you can too.  One thing I like about education no matter what you do in life as a way to earn $$ an education can never be taken away from you.  I have my masters degree and have taught at all levels.  The thing that education does for me is it gives me choices on what I want to do.  Anyone can do it.  I am not book smart I am street smart and very good at street smarts.  Education is not about being smart it is about sticking with something and finding a way to get it done.  Period... Get your education for free!

 

Obama will give you $2,500 a year to go to school (ARA) - 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."

If you are a low-income individual and want to get money to go back to school, visit ClassesandCareers.com, fill out their form, and indicate which schools you may be interested in. An education adviser will contact you and help you get your share of President Obama's stimulus money to go back to school.

Sponsored content provided by ARALifestyle. Copyright ARAnet, Inc.

Comments (2)

John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

Thanks for the tip Jackson...I didn't know about that. I suppose there are many people who would like to take advantage of support to help boost their education.

Happy New Year

Jan 01, 2010 08:02 AM
Anonymous
Tim Barron
Wow, I didn't know that. My wife volunteers with an inner-city mission that has an education focus. Over the years they've been able to take kids where education was way down on the priority list and get them into magnet schools with good grades! This program stops at 8th grade, so we've talked about what happens when they graduate and want to go to college, and this could really help them! I really appreciate that you included links to get us started! Thanks for the info!
May 21, 2012 09:28 AM
#2