College just got a little bit more affordable with the new American Opportunity Tax Credit – a remodeling of the old Hope tax credit – which not only wasn’t as generous, but fewer families qualified for.  This money can help students and parents pay for college expenses such as tuition, books and school fees.

If you’ve been considering increasing your education, now could be the perfect time to do it – because this new tax credit applies for the years 2009 and 2010.  Many of those eligible qualify for the full annual credit of $2,500.  And if you’re already a student or parent of a student – make sure you claim your 2009 credit!