October 24, 2003
Education Tax Credits Fall Short, Study Finds
Federal tax credits have failed to increase the number of low-income students going to college, a Harvard economist wrote in a report released last month.
The report asserts that the credits, which reimburse students for tuition payments, instead give the greatest benefit to middle-income students and have led public colleges in many states to increase tuition.
The reason is that how much of a credit a person receives depends on how much tax, if any, that person owes, says the
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