How Governments Support Higher Education Through the Tax Code
Posted by Pew Research Center on March 6, 2017
Equity Alert: Cost of Higher Ed Tax Expenditures Eclipses Pell Grant Spending
In 2014, forgone revenue from federal higher education tax expenditures totaled $34.5 billion, 14 percent more than the cost of the need-based Pell Grant program, the largest federal higher education spending program for that year, the Pew Charitable Trust found in a report released last week, “How Governments Support Higher Education Through the Tax Code.” The American Opportunity Tax Credit (AOTC) is by far the largest federal higher education tax expenditure, costing $20 billion in fiscal 2014, the report further details.
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