How Federal Tax Policy Interacts With Higher Education Spending
Two significant things happen every April: Income taxes are due and high school seniors, bound for college, decide where they want to continue their education.
These events are not unrelated. The federal government and the states — in addition to the aid they supply through grants and other spending initiatives — provide a range of income tax benefits intended to help students and their families pay for higher education.
Members of Congress are contemplating policy changes that could affect both types of programs: a major tax reform effort and reauthorizing the Higher Education Act.
This piece was originally published in The Hill. Read the full article here.