Archived Information

U.S. Secretary of Education Joins Treasury Secretary to Highlight Tax Credit that Can Help Families Pay For College

Will Highlight New Treasury Analysis Showing Number of Families Expected to Benefit This Year.

Sara Gast , Education , 202-401-1989 ,
Sandra Salstrom or, Treasury, 202-622-2960 ,

Event Date 1: January 19, 2011 12:00 pm - 02:00 pm

Education Secretary Arne Duncan and Treasury Secretary Timothy Geithner will discuss initiatives the Obama Administration has undertaken to make college more affordable for all Americans, including the American Opportunity Tax Credit (AOTC). The Secretaries will field questions from parents, students and educators from Woodrow Wilson Senior High School during the town hall-style event at the University of the District of Columbia on Thursday, Jan. 20, at noon.

Duncan and Geithner will talk about the benefits of the AOTC, which allows parents and students to receive a tax credit of up to $2,500 for college expenses, and how it can help make postsecondary education a reality for many students and families. They will also discuss a new Treasury Department analysis showing the number of families expected to benefit from the credit in 2011 and the total amount of tax relief it will provide to help make college more affordable. The Obama Administration made the AOTC, which initially was part of the American Recovery and Reinvestment Act, a continuing support for more than 8 million students and families through a year-end tax cut package. In addition to the tax credit, the Secretaries will highlight several other initiatives the Administration has undertaken to make college more affordable and accessible, including simplifying the FAFSA and increasing Pell grants.

A question-and-answer session will follow the Secretaries' brief remarks. Charlette Butler, an assistant principal at nearby Wilson High School, will moderate the event, which is open to the press. Wilson High School, one of D.C.'s largest public high schools, boasts strong academic achievement among its students and nurtures a college-going culture.

Event 1
Who : U.S. Education Secretary Arne Duncan
U.S. Treasury Secretary Timothy Geithner
What : Remarks and discussion about the American Opportunity Tax Credit and college affordability with high school students, parents and educators
When : Thursday, Jan. 20, 2011, at noon EST
Where : University of the District of Columbia
Life Sciences Building (Building 44)
Lecture Hall room A-O-3
4200 Connecticut Ave. N.W.
Washington, D.C.