Higher education like every other business has been effected by our economic downturn. Not only resulting in funding issues and reduced enrollment but some colleges have had to close their doors, perhaps for good.
This week the House of Representatives unveiled a proposed fiscal stimulus plan, which include simplified tax breaks for education and a tax credit system for college costs. Details include:
- Families with children in college may receive up to $2,500 per year per child in tax credit.
- Plan raises income ceilings, allowing families with incomes of up to $160,000 a year to receive credit.
- Delta Project report says college students are paying more, but getting less for their money, than in the past.
Although this has not been finalized and it will not solve everything I felt some good news in education was worth passing on.