Ummm no. Refundable tax credits put money in your pocket whether you owe up to the amount that year or not. "Create the American Opportunity Tax Credit: Obama

Ummm no. Refundable tax credits put money in your pocket whether you owe up to the amount that year or not. "Create the American Opportunity Tax Credit: Obama and Biden will make college affordable for all Americans by creating a new American Opportunity Tax Credit. This universal and _fully refundable_ credit will ensure that the first $4,000 of a college education is completely free for most Americans, and will cover two-thirds the cost of tuition at the average public college or university and make community college tuition completely free for most students. Recipients of the credit will be required to conduct 100 hours of community service." http://change.gov/agenda/education/ http://change.gov/agenda/education/