America continues to struggle with the worst recession in decades. Various reports indicate that over 15 million Americans are currently unemployed. To help stimulate the economy, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA) on Feb 17, 2009. ARRA includes many tax benefits intended to promote job growth. Existing law contains a number of tax benefits to help defray the soaring costs of higher education. This article focuses on the temporary changes to the Hope Scholarship Credit. The broader rules are embodied in a new IRC section 25A(i) that establishes the American Opportunity Tax Credit, effective only for tax years beginning in 2009 or 2010. After 2010, the rules revert to the pre-ARRA Hope Scholarship Credit rules and limitations. While these changes are scheduled to expire at the end of 2010, there are reasons to hope that Congress will make these changes permanent.