Woodstock has two college-age children, Schroeder, a freshman at State University, and Marcie, a junior at Peanuts University. Both Schroeder and Marcie are full-time students. Schroeder's expenses during the 2016 fall semester are as follows: $8500 tuition, $1200 books and course materials, and $4900 room and board. Tuition and the applicable room and board costs are paid at the beginning of each semester. Woodstock is married, files a joint tax return, claims both children as dependents, and has a combined AGI with his wife of $148,000 for 2016. Determine Woodstock's available education tax credit for 2016.