ODU Welcomes U.S. Senator Brown Speaking About College Tuition Tax Credits
UNIVERSITY WELCOMES U.S. SENATOR BROWN ON FEBRUARY 12, 2011 TO ANNOUNCE THE AVAILABILITY OF MORE THAN $70 MILLION IN UNCLAIMED COLLEGE TUITION TAX CREDITS
On February 12, 2011, Ohio Dominican University welcomed U.S. Senator Sherrod Brown (D-OH) at main campus for a special presentation regarding the availability of more than $70.4 Million in unclaimed college tuition tax credits through the American Opportunity Tax Credit (AOTC). ODU President Peter Cimbolic, Ph.D. and ODU student Lisa Curcillo of Delaware, Ohio, joined Senator Brown for the press conference at ODU’s Bishop James A. Griffin Student Center’s Meditation Space.
This announcement was made in conjunction with “College Goal Sunday,” a nationwide day dedicated to informing prospective college students about college affordability options. U.S. Sen. Sherrod Brown announced a campaign to make sure all eligible families utilize the $2,500 American Opportunity college tuition tax credit (AOTC).
The AOTC provides critical relief to middle class families—providing a $1 tax credit for each $1 dollar spent on college tuition—but is only utilized by an estimated 35 percent of Ohio student families. Brown released an analysis with county-by-county figures on the number of central Ohio families missing out on the credit, which provided Ohio families paying tuition costs with an average of $1,918 in tax relief per student in 2009.
“Middle class Ohio families are missing out on millions of dollars in tax relief for one of the most important investments they make – a college education for their children,” Brown said. “As college costs continue to rise, $2,500 can go a long way toward helping Ohio families afford college costs. While only 35 percent of Ohio families filed for this credit last year, it’s not too late for families to claim this important tax credit.”
“The Ohio Dominican University community is honored to host U.S. Senator Sherrod Brown on this special occasion as we recognize his continued support of financial assistance to our students and families through The American Recovery and Reinvestment Act,” said Ohio Dominican University President Peter Cimbolic, Ph.D. “Students are transformed through higher education, and financial aid is the key that enables many of them to realize their dreams of a college education. We commend Senator Brown’s efforts to expand the availability of the American Opportunity Tax Credit.”