Washington Senate approves tuition control to 3 schools - Spokane, North Idaho News & Weather KHQ.com

Washington Senate approves tuition control to 3 schools

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(File Photo)

OLYMPIA, Wash. - The state Senate wants to hand tuition-setting authority over to the leaders of the three largest state universities.
     
The proposal was endorsed 29-19 late Monday. It applies only to the University of Washington, Washington State University and Western Washington University.
     
The schools could raise tuition each year by no more than 14 percent, or nine percent based on the previous 15 years.
     
As a tradeoff, the universities must agree to yearly performance agreements and continue to fund financial aid grants at the current rate.
     
If it becomes law, the new policy would begin in the 2011-12 school year and last until 2017-18.
     
It now heads to the state House for further debate.

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Tax Tip: Tax credit helps pay for higher education expenses

The American Recovery and Reinvestment Act was passed in early 2009 and created the American Opportunity Credit. This educational tax credit -- which expanded the existing Hope credit – helps parents and students pay for college and college-related expenses.

Here are the top nine things the Internal Revenue Service wants you to know about this valuable credit and how you can benefit from it when you file your 2009 taxes.

1) The credit can be claimed for tuition and certain fees paid for higher education in 2009 and 2010.

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