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ERIC Number: ED420230
Record Type: RIE
Publication Date: 1997-Feb
Pages: 41
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Taxing Matters: College Aid, Tax Policy & Equal Opportunity.
Education Resources Inst., Boston, MA.; Institute for Higher Education Policy, Washington, DC.
This report uses government data to review current, past, and proposed tax-based policies and programs to promote college affordability as well as need-based grant aid. Tax-incentive-based programs include savings bonds for education, employer-provided educational assistance, state college savings plans, deductibility of student loan interest, exclusion of scholarships and fellowships from taxable income, expanded Individual Retirement Accounts and/or special education savings accounts, and tuition tax deductions and credits. Major findings of the analysis indicate that: (1) despite increasing evidence that the investment in need-based student aid has positively impacted equal educational opportunity, students from high-income families still have higher college-going rates than do students from middle- and low-income families; (2) the majority of grant-aid recipients are students from the lowest income groups who attend public colleges and universities; (3) tax deductions and other uses of the tax code have been most beneficial to taxpayers with high incomes; (4) the current use of tax-based assistance for higher education is modest; and (5) proposed strategies to increase the use of tax-based assistance could benefit families who already take advantage of the tax code. These findings are documented in chapters discussing grant-aid recipients, beneficiaries of tax policies, and proposed federal tax policies. (Contains 36 reference endnotes.) (DB)
Education Resources Institute, 330 Stuart St., Suite 500, Boston, MA 02116-5237; phone: 800-255-TERI, ext. 4762; fax: 617-451-9425; www.teri.org (free).
Publication Type: Information Analyses; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Education Resources Inst., Boston, MA.; Institute for Higher Education Policy, Washington, DC.