Limit: The maximum permissible limit under Section 80C of the Income Tax Act 1961 is Rs. 1.5 lakh with deductions eligible only for two children per assessee.
The WSU grants and tuition pledge programs are awarded for four years to new first-year undergraduates and two years for new transfer students. You must pass 30 credits each year in order to retain your award.
For the American Opportunity Credit the education credit income limit is as follows: Single, head of household, or qualifying widow(er) — $80,000-$90,000. Married filing jointly — $160,000-$180,000.
Wayne State Guarantee – Covers full tuition for Michigan residents who are eligible for the Federal Pell Grant and is now expanded to support more students with families of an annual income of $80,000 or less and assets totaling $50,000 or less.
Families that earn $80,000 a year or less and have $50,000 or less in assets will now qualify for the Guarantee. It is also available to students who qualify for the Pell Grant.
Wayne State University has an acceptance rate of 82%. Half the applicants admitted to Wayne State who submitted test scores have an SAT score between 1040 and 1260 or an ACT score of 21 and 28. However, one quarter of admitted applicants achieved scores above these ranges and one quarter scored below these ranges.
WSU grant limits: The WSU Promise Grant is awarded for four consecutive years to new first-year undergraduates and for two consecutive years for new transfer students. Grant recipients are required to pass 24 credits each academic year and maintain satisfactory academic progress.