Last year, when David and I were filling out our taxes, we discovered something that made us very happy: thanks to the college tax credit, we were practically reimbursed for all of our previously paid college tuition. Of course we did a happy dance. And now, I am doing a happy dance again. Why? Because our dear president Obama is urging congress to make the college tax credit permanent.
Why is this such a big deal? It makes college more affordable - 12.5 million people used it last year. Even though I am finishing up my college track - I still have 3 brothers who have their share of education to go through. Cost of higher education can be daunting - and the loans often acquired post college - depressing. This is a great incentive for people to achieve their goals and not be in the hole spending money to pay off student loans. Money saved from not having to pay student loans (or paying them off as soon as they come in) allows for more money to be spent in the market, helping the economy.
Yes Obama, please continue urging congress on this issue!
1 comment:
I like the dynamic of this because in order to get the credit, you have to work. It's not a free ride. So it gets young people engaged in the economy early, which ironically will probably have a greater influence on them being able to achieve a job then their college education.
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