Tax Relief Glossary Definition (English)
Hope Scholarship Defined
The following is in context to Tax Relief, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"The Hope Scholarship is a tax credit, not a scholarship. For students in the first two years of college (or other post-secondary training), taxpayers can claim a maximum credit of $1,500 per tax year for each eligible student. The credit can only be claimed in two taxable years but not beyond the year when the student completes the first two years of college. The student must be enrolled at least half time in a program leading to a degree, certificate, or other recognized educational credential for at least one academic period during the calendar year. The credit can only be applied against payments made after December 31, 1997 for academic periods beginning after that date. The amount of the credit is phased out at certain income levels. See income phase-out for more information."
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Expert Dictionary: Hope Scholarship
