General Principles - Supplemental Flashcards
1
Q
American Opportunity Credit
A
- $2,000 + 25% of next $2000 of expenses
- Total of $2,500 Tax Credit
- First four years of college only
2
Q
Lifetime Learning Credit
A
- $2,000 max
- Any higher learning institution (e.g. grad, continuing ed)
3
Q
Coverdell Withdrawal
A
Must be used before student is 30
4
Q
Wealthy Parents are a PLUS
A
Parent Loan for Undergraduate Students
5
Q
PooriSh (<$60,000 income cap)
A
Pell Grants
Supplemental Education Opportunity Grant
Subsidized Stafford Student Loans
6
Q
How many CE credits must be continuing ethics?
A
2 hours every 2 years.
7
Q
How many CE credits must be accrued?
A
30 credits every 2 years.
