Which of the following statements correctly reflects the treatment of felony convictions under the education credits?

The treatment of felony convictions under the education credits is accurately summarized by stating that neither the American Opportunity Credit nor the Lifetime Learning Credit considers felony convictions in their eligibility requirements. This means that having a felony conviction does not disqualify an individual from claiming either of these education credits.

The design of these credits is focused on providing financial assistance for education-related expenses, and they do not impose restrictions based on an individual's criminal history. Therefore, a person with a felony conviction remains eligible for both credits as long as they meet other specified requirements, such as enrollment in an eligible educational institution and having qualified expenses.

The other choices inaccurately suggest specific restrictions or allowances concerning felony convictions. The American Opportunity Credit and the Lifetime Learning Credit are structured to promote education without penalizing individuals based on past criminal behavior, reinforcing the idea that access to education is a priority.