Federal Assistance to Student Car Buyers Launched; Initiative to Provide 20% Student Subsidy for Hybrid Car Purchases

Why Students? Eight countries now boast higher postsecondary entry rates than the U.S. We need to put higher education within reach of those that qualify. Those that don t attend an institute of higher learning cite transportation as one of the top three reasons. Students need cars: 87% commute to campus, most of them by autos; 95% of new alumni drive to work. When it comes to conserving oil and cleaning up the environment, students are our most resolute citizens.

Young adults are eager and ready to step up to the plate. They want hybrid cars; they simply can t afford them, Average tuition and fees rose 75% over the past decade; this rate shows little if no sign of slowing this year. The current tax credit for hybrid cars basically ignores this group. You need something to tax before you can enjoy a tax credit.
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