Financial Planner

Answer: A - Hope Credit education funding is only for the first two years of undergraduate education. Qualified expenses include tuition; books and supplies qualify as tuition if the fees must be paid to the institution as a condition of enrollment. Room and board, and books and supplies are not qualified. The amount of credit is 100 percent of the first $1,200 for qualified tuition you paid for each eligible student and 50 percent of the next $1,200. The maximum amount is $1,800 times the number of eligible students.