North Texas Students Now Eligible to Attend North Texas University for Free
The United States economy has not been performing well lately. Rising costs coupled with a slump in the housing sector are making it extremely difficult for parents to pay for college. Many in the U.S. consider higher education unaffordable due to high costs.
According to Dr. Gretchen Bataille, president of the University of North Texas, a number of people believe they are not worthy of college educations because they cannot afford them. She has therefore conceived a new scholarship program at the University of North Texas called the "Emerald Eagle Scholars (EAS)" program that aims to provide four years of annual tuition fees to needy North Texas students. Tuition fees will be paid by a combination of funds from state, federal, and institutional resources. Unlike other similar programs, the EAS program requires students to enroll in a mentorship program and work on campus.
The University of North Texas is already required by law to aid financially needy students. Financial aid provided by the university amounted to nearly $5.4 million last year. Authorities at the University of North Texas estimate that an additional sum of $1.4 million will be added to this figure in September. During an inauguration ball on April 13, Bataille also raised more than $350,000 for the EAS program.
It is expected that more than 400 participants will take part in the scholarship program beginning in the fall of 2007.
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IRS Reminds Students of "Tax-Advantaged Education Expenses"
By Surajit Sen Sharma
On September 11th, the IRS news release "Back-to-School Tax Breaks Help Teachers Pay Classroom Costs; Aid Parents, Students With College Tuition" stressed the importance of saving receipts and maintaining expense records to take full advantage of deductions on educational expenses and credits available on federal income tax returns for 2007.
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