Reforming student aid: how to simplify tax aid and use performance metrics to improve college choices and completion

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Permanent URL for this page: http://hdl.voced.edu.au/10707/252561.


Author: Reimherr, Patrick; Harmon, Tim; Strawn, Julie; Choitz, Vickie

Abstract:

This paper offers a range of policy options for consolidating the various tax-based aid provisions and better targeting this aid toward low and modest income families. It also proposes piloting 'real-time payment' of the American Opportunity Tax Credit to deliver this aid to students when they enroll, not just at tax time. These ideas are backed by 10-year revenue estimates and distributional estimates from the Urban-Brookings Tax Policy Center. The recommendations have been developed to be revenue neutral or modestly positive to respond to current budget realities, and the authors believe these proposals are timely, given the potential for tax reform in the current Congress.

Published abstract.

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This paper offers a range of policy options for consolidating the various tax-based aid provisions and better targeting this aid toward low and modest income families. It also proposes piloting 'real-time payment' of the American Opportunity Tax Credit to deliver this aid to students when they enroll, not just at tax time. These ideas are backed by 10-year revenue estimates and distributional estimates from the Urban-Brookings Tax Policy Center. The recommendations have been developed to be revenue neutral or modestly positive to respond to current budget realities, and the ...  [+] Show more

Subjects: Policy; Disadvantaged; Students; Finance; Participation

Keywords: Low income group; Financial aid; Training cost; Completion

Geographic subjects: United States; North America

Published: Washington, District of Columbia: Center for Postsecondary and Economic Success, 2013

Physical description: i, 80 p.

Access item:
http://www.clasp.org/admin/site/publications/files/Final-RADD-WhitePaper-Feb-2013.pdf

Resource type: Paper

Call Number:
TD/TNC 112.517



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