Deadline to apply for the Florida Assistance Grant is May 15. The Hope credit can be claimed only for two tax years and applies only to the first two years of postsecondary education. Students must be enrolled at least half-time during at least one academic period that begins during a tax year and cannot have had a drug felony conviction in a year that the credit applies. The Lifetime Learning Credit applies to tuition and fees for undergraduate, graduate, and continuing-education course work. Eligible education expenses are offset by scholarships, grants, and other tax-free tuition benefits.
Eligibility is determined by adjusted gross income.
Taxpayers cannot use both credits for the same student in a single year nor may they combine these credits with tax-free withdrawals from education IRAs. Consult your tax advisor or see IRS Publication 970 for more information. These programs assist individuals who are economically disadvantaged, are dislocated workers or are homemakers with the cost of attending college. The benefits cover the cost of tuition, books and other associated costs of learning for PCC's A.S. and Certificate programs. Students will receive career counseling, academic assistance, as well as job counseling, job seeking skills and job placement services.