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It’s not just colleges and universities that are shifting their financial aid from lower-income to higher-income students. Tuition tax credits and other tax breaks to offset the cost of higher education—nearly invisible federal government subsidies for families that send their kids to college—also disproportionally benefit more affluent Americans. So do tax-deductible savings plans and the […]
The sticker price at Pennsylvania State University runs about $30,000 a year for in-state students. At Swarthmore College, it’s nearly twice that. Yet Swarthmore ends up being cheaper for most students. That’s because this private liberal-arts college near Philadelphia offers many families a hefty discount, bringing down the average cost to even less than taxpayer-subsidized […]
America’s colleges and universities are quietly shifting the burden of their big tuition increases onto low-income students, while many higher-income families are seeing their college costs rise more slowly, or even fall, an analysis of federal data shows. It’s a trend financial-aid experts and some university administrators worry will further widen the gap between the […]