To what end is a 'Hope Scholarship'?

MyAlias

It is a Scholard=ship program in Georgia that gets its revenue from the State Lottery system. It has provided millions of dollars for students that would not have a chance other ways. The other answer: The Hope Scholarship is a tax credit, not a scholarship. Tax credits are subtracted directly from the tax a family owes, instead of being subtracted from taxable income like a tax deduction. A family must file a federal tax return and owe taxes to get this tax credit. A family cannot get a refund for the Hope credit if it does not pay taxes. A family that owes less tax than the maximum amount of the Hope tax credit for which it is eligible can only take a credit up to the amount of taxes owed. A family may claim a tax credit up to $1,500 for each eligible dependent for up to two tax years (100% of the first $1,000 and 50% of the second $1,000 paid for qualified expenses). The Hope credit is available only until each student's first two years of postsecondary education are complete. The exact amount of the Hope credit also depends on a family's income, the amount of qualified tuition and fees paid, and the amount of certain scholarships and allowances subtracted from tuition. The total credit is also based on how many eligible dependents are in the family, rather than a maximum dollar amount for the family as with the Lifetime Learning tax credit. http://www.nasfaa.org/AnnualPubs/TaxBenefitsGuide.html http://www.nasfaa.org/AnnualPubs/TaxBenefitsGuide.html Jun 17 06, 6:49 PM

eratosthenes

Thanks MyAlias, according to wiki, the HOPE Scholarship ... provides four years of free tuition to a tech school or University in Georgia for children of whistleblowers or those researching corporate crime. http://en.wikipedia.org/wiki/Whistleblower Jun 17 06, 6:59 PM

MyAlias

This part I did not know. I lived there in an Atlanta suburb for twelve years. I would here about all the "ca-ca" because of the lottery and the misappropriation of monies and the salary of 600k+ for the lottery director who basically did "ca-ca". Jun 17 06, 8:04 PM