Section (b)(2) and (b)(3) would seem to disqualify you since you are more than a 5% owner.
Section (b)(3) might allow you to participate if you had other employees and offered them the tuition benefit as part of their benefits package. For example, if you had two employees who received the maximum benefit of $5250 each, you might be able to take a benefit of $550 (so that your benefit was 5% or less of the total program benefit of $11050).
If you do think you are eligible, I have no idea how to show this on schedule C.
