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2009-2010 Undergraduate Bulletin (pdf) - LaGrange College

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Apartment Students:<br />

Candler and Hawkins residents<br />

Tuition (full-time with 12-16 hours) $10,547 $21,094<br />

Apartment $ 2,870 $ 5,740<br />

Board Plan (10-meals) $ 1,692 $ 3,384<br />

$15,109 $30,218<br />

Fees relating to the Albany, Evening and Graduate Programs are<br />

included in separate bulletins. You may contact the <strong>College</strong> to receive a<br />

copy of these publications.<br />

FEDERAL TAX CREDITS<br />

The Tax Reform Act of 1997 provided two tax credits for higher<br />

education. The Hope Scholarship Credit provides up to an $1,800 tax<br />

credit (100% of the first $1,200 of qualified tuition and 50% of the<br />

second $1,200 of qualified tuition) for the first two years of<br />

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

other recognized educational credential. The student must be enrolled at<br />

least halftime. Qualified expenses are tuition and fees, and do not<br />

include room, board, books, insurance, and other similar expenses. The<br />

American Recovery and Reinvestment Act of <strong>2009</strong> temporarily<br />

amended the tax code pertaining to the Hope Credit. The enhancement,<br />

called the American Opportunity Tax Credit, now offers a tax credit up<br />

to $2,500 in qualified tuition and related expenses, and now covers<br />

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

extended for the first four years of postsecondary education. The<br />

temporary provision will expire at the end of <strong>2010</strong>.<br />

The Lifetime Learning Credit provides up to a $2,000 per year tax credit<br />

(20% of the amount paid on the first $10,000 of qualified tuition) per<br />

family after the first two years of higher education. These tax credits are<br />

phased out as the modified adjusted gross income exceeds certain limits.<br />

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

additional information about these credits, please consult the Business<br />

Office or your tax preparer.<br />

MISCELLANEOUS<br />

Depending upon individual requirements, a student may expect to spend<br />

$1,000 per year on books. Bookstore charges for the fall term are<br />

normally higher than for the spring term.<br />

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