1. Which of the following statements is not correct regarding education credits? The lifetime learning credit is 100% non-refundable. When comparing the AGI thresholds for reducing the education credits for higher income taxpayers, lower AGI thresholds apply to the American opportunity credit. C The lifetime learning credit is available to students who attend graduate school. C The maximum American opportunity credit is $2,500 for each eligible student. C All of the above statements are correct