The HOPE Scholarship
Program is one of our most effective investments for developing Georgias growing workforce," said Deal.
It was modeled on Georgia's merit-based HOPE scholarship
, which a Philadelphia Inquirer editorial once called "the kind of thing you look at half in amazement and half in anger, and wonder why your own bonehead state didn't think of it.
She has been a recipient of the Tennessee HOPE scholarship
since 2013 and has made the Dean's List since 2014.
In 2009, Congress replaced the Hope Scholarship
Tax Credit with the American Opportunity Tax Credit (AOTC).
A graduate of the University of Tennessee's College of Business Administration with a Bachelors degree in Finance, he was part of the Financial Management Association and a HOPE Scholarship
recipient for his academic successes.
The more generous of these credits, the Hope Scholarship
Credit, limited to $1,800 per year, applied only to the first two years of higher education.
The four largest programs (the HOPE scholarship
program, the General Assembly Merit Scholarship program [GAMS], the ASPIRE award, and the Tennessee HOPE ACCESS Grant), which are referred to colloquially as the Hope Scholarship
program, account for 70 percent of the students and 91 percent of TELS expenditures.
Unlike its predecessor, the Hope scholarship
credit, the AOTC is partially refundable up to $1,000 (40% of $2,500) (Sec.
Georgia lawmakers, in order to save the financially stressed, lottery-funded HOPE Scholarship
program, made deep cuts in who and what the scholarships will cover.
Being able to provide youth with a HOPE scholarship
is giving them a chance to escape crushing poverty.
There are no easy decisions left to consider when it comes to budget cuts, as there is already talk of additional cuts to K-12 education, the University System of Georgia, the HOPE Scholarship
and the potential layoff of state employees.
Finally, educational expenses can qualify for tax credits--the Hope Scholarship
Credit (IRC section 25A[b]) and the Lifetime Learning Credit (IRC section 25A[c]).