Oregon Students to Benefit from Increased Student Aid
The commission emphasizes improving the standard of education in Oregon to enhance the value, integrity, and diversity of college programs throughout the state. The commission's main role is to develop and administer a variety of federal and state-based scholarships as well as a state-funded need-based program. OSAC also runs the ASPIRE program, which consists of volunteers who advise high school students on postsecondary education. It also provides assistance to unaccredited colleges and educational institutions in other states.
Recently, the Oregon legislature approved a $109 million college financial aid plan for OSAC. This move may increase the amount of available student aid to more than twice the current amount. The bill has gone on to the state senate, where it is expected to be passed soon.
The increase, which is slated to be implemented in the fall of 2008, will increase the number of students who benefit from state-funded financial aid in Oregon. The funding will also cover provisions such as daycare costs for low-income parents who need to attend college.
Currently, more than 25,000 Oregon students are eligible for financial aid each year. The passage of this new legislation will mean that more than 32,000 students will be eligible for financial assistance from OSAC next year.
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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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