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Lehman Hope Scholarship Tax Credit

Varies

Due: N/A

No essay

No min. GPA required

No transcripts required

Eligibility

Lehman Hope Scholarship Tax Credit offers numerous awards that vary in amount.

Description

The HOPE Scholarship tax credit attempts to make the first two years of college more affordable. Students receive a 100 percent tax credit for the first $1,000 paid for tuition and fees minus grants, scholarships, and other tax-free educational assistance. This credit is phased out for joint filers who have an adjusted gross income between $80,000 and $100,000, and for single filers who have an adjusted gross income between $40,000 and $50,000. Students who are in their first two years of college and enrolled on at least a half-time basis in a degree or certificate program can claim the credit for two years. The taxpayer can claim a credit for his own, his or her spouse's, or dependent children's tuition expenses. Please visit the scholarship's website for more information.

Level of Study

College Freshmen College Sophomore

Scholarship Type

College Student