| Situation |
Tax Benefit |
| Two kids in college: Married couple, $60,000 income, with two kids in college, one at a community college with $2,000 tuition, the other a junior at a private college with $10,000 tuition. |
$2,500 ($3,500 after year 2002) |
| Divorced parent: Single parent with $40,000 income, one child going to an average community college full-time ($1,200 tuition and fees). |
$1,100 |
| Returning to school less than half-time: Family with $30,000 income, one parent going to a public four-year college part-time to change careers ($2,000 tuition and fees). |
$400 |
| Child is beyond first two years: Family with $40,000 income, one child is junior at average private college $12,000 tuition and fees). |
$1,000 ($2,000 after year 2002) |
| Returning to school full-time to become a teacher: Homemaker, family income of $70,000, attending graduate teacher training program at public university after being out of college for 20 years ($3,500 tuition). |
$700 |
| Graduate student: Single graduate student with $15,000 income and tuition of $15,000. |
$1,000 |
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