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Modified Hope Scholarship (Years 1-2: 100% of first $1,000 of tuition; 50% of second $1,000; Years 3-4: 20% of $5,000 of tuition)
State prepaid tuition plans receive tax free treatment; 10 percent penalty on amounts not used for tuition, books, room and board
Education IRAs — Contributions of up to
$500 per child (income limits begin at
$95,000 for singles and $150,000 for couples)
Penalty free withdrawals for education
from retirement IRAs
Extension of employer provided education assistance for three years
$2,500 per year student loan interest deduction |
