Val, a single taxpayer, earned $73,000 from a full-time job as an artist's assistant. During the year she began studying on a half-time basis for a B.A. (Bachelor of Arts) degree in Fine Arts at the University of Houston. Qualified tuition, fees and course materials were $6,000. Which of the following statements regarding Valerie's tax situation is true?

		Val is eligible for either a lifetime learning credit of $1,200 or an American opportunity credit of $2,500.
		Val is eligible for an American opportunity credit of $2,500.
		Vale is not eligible for any education credits.
		Val is eligible for a lifetime learning credit of $1,200.