Obama Will Give You $2,500 A Year To Go To School


obamaBy 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.”

{ARA/Noam Amdurski-Matzav.com Newscenter}


  1. What about if you are not listed as poor but just make does meat like you don’t get food stamps but struggle financially?

  2. What about if you are not listed as poor but just make does meat like you don’t get food stamps but struggle financially?

    Come back when you can write a sentence in English.

  3. Wailing Wall – you won’t know until you apply! Contact the website and see. You’ve got nothing to lose. And if you’ve been in real estate, financial services or one of those other careers that are going downhill, it might be a good idea to retrain for something that has a better future now, while help is available.

    Go for it!

  4. Did anyone try this? I can’t seem to be getting anywhere. All it wants to do is place you into an online college (in which I am). I can really use some grants, so if anyone had luck with this (or any other scholarship program) I would really appreciate if they could let me know.
    Thanks a lot!

  5. to #s 5 & 6: wait. one sec. didn’t they just say this money goes to EDUCATION??!?!?! Use that saichel that i hope you both have – usually education in college, you start from where you’re holding and then advance. but hey! a little benefit of the doubt – you gotta start somewhere!