The cost of tax deductions that previous research has shown disproportionately help wealthier families pay for college continues to outpace what the federal government spends on grants for low-income students, a new study points out.
The total amount of tax credits has increased 13-fold since 1990, when adjusted for inflation, and reached $34.5 billion in 2014, the last year for which the figures are available, according to the study, by the Pew Charitable Trusts.
That’s $4.1 billion more than went to the government’s Pell Grant program to help low-income students pay for college.
Read more at The Hechinger Report: https://hechingerreport.org/federal-higher-ed-tax-breaks-now-exceed-cost-grants-lower-income-students/
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