To: President Donald Trump
Support Cash for College- A Social Benefits evolution
Require Education Tax Benefit and Credit Education at Colleges and Universities receiving Title IV Aid and create independent division within IRS to administer social benefit programs.
Why is this important?
In 2009 Congress and President Obama approved a $50 Billion college expense reimbursement credit to help students and families pay for college. The credit known as the American Opportunity Tax Credit or AOTC provides undergraduate college students with a refund of up to $2500 per year for education related expenses. The credit is intended to reduce the cost of attendance and to reduce the now total outstanding student loan debt which now exceeds $1 TRILLION. Although millions of hardworking, taxpaying, educated Americans are being crushed under the weight of their educational debts, while the economy continues to sputter. Many are not aware that Aid in the form of Education tax benefits are already available.
According to a report by Sallie Mae nearly 55% of borrwers fail to take advantage of eligible education tax benefits, aid intended to stimulate family and community economies and limit student debt.
The ineffectiveness of the implementation of the AOTC can be remedied by requiring Colleges and Universities to provide education and resources on Education related tax benefits to students and parents. In addition as identified the creation of a Social Benefits Administration division within the IRS is a predominent need of tax reform which would enhance the agencies service to the public.
Sign this petition to support reducing the cost of attendence at your College or University by requiring Cash for College, resources and education for Education Tax Credits and supporting Social Benefit Administration Tax Reform.
We encourage petitioners to start petitions for their College or University. For more information visit www.facebook.com/generateus or www.123taxcredit.com
According to a report by Sallie Mae nearly 55% of borrwers fail to take advantage of eligible education tax benefits, aid intended to stimulate family and community economies and limit student debt.
The ineffectiveness of the implementation of the AOTC can be remedied by requiring Colleges and Universities to provide education and resources on Education related tax benefits to students and parents. In addition as identified the creation of a Social Benefits Administration division within the IRS is a predominent need of tax reform which would enhance the agencies service to the public.
Sign this petition to support reducing the cost of attendence at your College or University by requiring Cash for College, resources and education for Education Tax Credits and supporting Social Benefit Administration Tax Reform.
We encourage petitioners to start petitions for their College or University. For more information visit www.facebook.com/generateus or www.123taxcredit.com