Higher-education tax credits don’t do much to boost college attendance, according to new research.
ASSOCIATED PRESS

The federal government spent $23 billion last year on tax credits to families paying for college. Despite the generous payout, the funds likely didn’t do much to boost college attendance, according to a new paper published by the National Bureau of Economic Research.
Higher-education tax credits, which have been around since 1997 and then were expanded significantly in 2009, don’t affect whether or where students enroll, or what other financial aid they receive, according to economists George B. Bulman of University of California, Santa Cruz, and Caroline Read More

Source:: wsj