It means the IRS is still reviewing your return. They'll let you know when they are done. Chances are you will not be allowed the $1000 education credit*.
Tax Code 766 acknowledges that you submitted your return to the IRS.
*There's a new urban myth among college
students that says they can get a $1000 from the government just for filing a
tax form. For most of them, they simply aren't eligible. A student, under age
24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You
cannot be supporting yourself on parental support, 529 plans or student loans
& grants. You must have actually paid tuition, not had it paid by
scholarships & grants. It is usually
best if the parent claims that credit.
You cannot claim a credit if you are, or can
be, claimed as a dependent by someone else. For more detail see https://www.irs.gov/Individuals/AOTC
