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Financial Aid in the News

Washington: Will Federal Aid Mitigate Huge Tuition Hikes? (Seattle Post-Intelligencer)

"In the wake of the governor's proposal to raise college tuition by 30 percent over two years, University of Washington students and administrators are trying to find ways to blunt the financial impact on families," Seattle Post-Intelligencer reports. "One possible solution is federal money. The economic stimulus plan President Obama signed in February expanded tax credits to low- and middle-class families who are paying for higher education. 'That's the magical one,' UW spokesman Norman Arkans said. 'Whoever decided to improve that is a genius.' For families with an annual income of less than $160,000, the federal government now offers a tax credit of $700 to $2,500 for four years. That's up from the Hope Credit's maximum $1,800 and an eligibility period of two years. Plus, the income ceiling increased from $116,000. 'It's the middle-income families that everyone's worried about,' Arkans said. 'And the tax credit's going to help them.'"

You can read the complete April 9, 2009 Seattle Post-Intelligencer article on-line.

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