The Economic Stimulus Package may help students with tax breaks and increased borrowing amounts fir Federal Unsubsidized loans..
"Student Aid.
The legislation would... increase the annual (by $2,000) and aggregate (by $8,000) limits on how much undergraduates can borrow in federal unsubsidized loans. And it would combine the current Hope tax credit and an existing tax deduction for college expenses into a new tax credit, proposed by Democratic Reps. Lloyd Doggett of Texas and Tom Perriello of Virginia, which could for the first time be used to cover textbooks and other course materials.
And perhaps most importantly, up to $1,000 of the $2,500 annual amount of the new tax credit would be refundable, which means that families that pay less than that amount in federal taxes could still be reimbursed for the funds they spent on college. Many advocates for low-income students have viewed tax credits as flawed, among other reasons, because they are not available to students from families too poor to pay taxes."
InsideHigherEd.com for complete article.
This site allows you to search specific pages of the Stimulus Bill , The American Recovery & Reinvestment Act of 2009
Source » House Democrats, January 15th 2009
Financial Aid at New York College of Traditional Chinese Medicine
New York College of Traditional Chinese Medicine participates in these financial aid programs.
- TAP (New York State Tuition Assistance Program),
- Stafford Loans,
- Federal Family Education Loan (FFEL) Program and
- Plus Loans for Graduate & Professional Students.
See NYCTCM Financial Aid for more information.
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