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undergraduate bulletin - LaGrange College

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Fees relating to the Evening and Graduate Programs are included in separate <strong>bulletin</strong>s. You may<br />

contact the <strong>College</strong> to receive a copy of these publications.<br />

FEDERAL TAX CREDITS<br />

The Hope Scholarship Credit provides up to an $1,800 tax credit (100% of the first $1,200 of<br />

qualified tuition and 50% of the second $1,200 of qualified tuition) for the first two (2) years of<br />

postsecondary education in a program leading to a degree, certificate, or other recognized<br />

educational credential. The student must be enrolled at least half-time. Qualified expenses are<br />

tuition and fees, and do not include room, board, books, insurance, and other similar expenses.<br />

The American Recovery and Reinvestment Act of 2009 temporarily amended the tax code<br />

pertaining to the Hope Credit. The enhancement, called the American Opportunity Tax Credit,<br />

now offers a tax credit up to $2,500 in qualified tuition and related expenses, and now covers<br />

required course materials. In addition, the availability of the credit is extended for the first four<br />

(4) years of postsecondary education.<br />

The Lifetime Learning Credit provides up to a $2,000-per-year tax credit (20% of the amount<br />

paid on the first $10,000 of qualified tuition) per family after the first two (2) years of higher<br />

education. These tax credits are phased out as the modified adjusted gross income exceeds<br />

certain limits. Please check with your tax advisor regarding these limits. For additional<br />

information about these credits, please consult your tax preparer.<br />

MISCELLANEOUS<br />

Depending upon individual requirements, a student may expect to spend $1,000 per year on<br />

books. Bookstore charges for the Fall term are normally higher than for the Spring term.<br />

The above charges are applicable to an academic year of two (2) semesters. Summer charges and<br />

Interim-term fees and curricula are published in other <strong>College</strong> documents.<br />

Nursing students should consult the Department of Nursing concerning required nursing<br />

supplies and their projected costs.<br />

All students must present the <strong>College</strong> with proof of health insurance at the time of registration<br />

by submitting a Waiver Form electronically, including provider name and policy number. If the<br />

student does not have insurance, then the <strong>College</strong> will assess the student for a limited coverage<br />

group sickness and accident insurance policy.<br />

Official transcripts and diplomas are withheld for any student who owes a financial obligation<br />

to the <strong>College</strong>.<br />

CREDIT BALANCES<br />

Students who have a credit balance on their student accounts may obtain a credit balance refund<br />

within fourteen (14) calendar days, whichever is the latest of:<br />

the date the balance occurs;<br />

the first day of classes of a payment period or enrollment period, as applicable; or<br />

the date the student rescinds authorization given the school to hold the funds.<br />

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