A Primer on Refundable Tuition Tax Credits
President's Proposal Scores an "E"--Expensive!
by Gary Robbins, Aldona Robbins on 06/12/1996
4 Pages
Synopsis:
President Clinton has proposed a 2-year, $1,500 per year refundable tuition tax credit for the first two years of post-secondary education. But for every new student drawn to postsecondary education, the President's proposal would spend $51,500. Because already today, over 62 percent of all high school graduates go to college, and because tuition rates have risen in correspondence to the increase in federal student aid, the President's proposal is at least an inefficient expenditure of taxpayer funds.
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