Explore BrainMass

This post addresses HOPE and American Opportunity Credits.

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Compare and contrast the HOPE Credit and the American Opportunity Credit. Who benefits from these changes? Why were these changes made?

© BrainMass Inc. brainmass.com October 25, 2018, 6:41 am ad1c9bdddf

Solution Preview

The hope credit can only be used for the first two years of college. The hope credit is based on tuition and related expenses. The American opportunity is a modification of the hope credit. The American opportunity credit is now used for the first four years of college. Previously, the hope credit was used for two years, and then the tuition and fees deduction or the lifetime learning credit was used for the remaining years. Under the American opportunity credit, the first four years of undergraduate study ...

Solution Summary

The solution provides a detailed comparison of the HOPE and American Opportunity Credits, and also discusses who benefits from the changes that were made and why the changes were made to the education credits.

See Also This Related BrainMass Solution

Policy Formulation

J.W. Kingdon describes the agenda setting stage of policy formulation as a function of the confluence of three "streams" of activities: problems, possible solutions to the problems, and political circumstances (see Longest page 132). According to this metaphor, all three streams must be present for the policymaking process to move to the legislation development phase.

In 4-6 paragraphs, analyze and discuss President Clinton's Health Reform Proposal of 1993 using the terms of this metaphor. Apply your critical thinking skills to assess the events surrounding this proposal as objectively as possible. Cite Sources.

View Full Posting Details