New Site Aims to Help Students Recoup Textbook Costs

The National Association of College Stores and the Internal Revenue Service have teamed up on a new Web site designed to help make students aware that they can now recoup some of what they spend on textbooks and other course materials thanks to an expanded tax credit enacted by Congress as part of economic recovery legislation in February. The site, textbookaid.org, provides information about how college students can take advantage of the American Opportunity Tax Credit, which temporarily expands the Hope college tax credit in multiple ways, including by including textbooks and other course materials as reimbursable expenses for the first time.