Nearly 1.1 million Oregonians will file their taxes between now and the April 17th tax deadline. The Hope Scholarship Tax Credit and The Lifetime Learning Tax Credit. To say that college is expensive is not news to anyone financing an education for themselves or a member of their family. Nearly 220,000 students are enrolled in degree programs at Oregon s community colleges, state universities, independent and private colleges.
Tax credits can provide some welcome relief.
The Hope Scholarship is not technically a scholarship, said Patricia Aldworth, OSAC s Executive Director. It is a tax credit available to eligible students during the first two years of postsecondary education. It is for college juniors, seniors, graduate and professional students, adults returning to college, and part-time students. The laws and regulations are complex, and you ll want to make sure of eligibility and qualified expenses. For example, qualified expenses do not include costs such as room and board, books, transportation, insurance, parking fees or other personal expenses.