According to a report from The Reimagining Aid Design and Delivery (RADD) Consortium for Higher Education Tax Reform, students from the affluent families bag the most tax-based federal college financial aid.
While the government currently spends $173.9 billion on aid through Pell Grants, loans, and the tax code that cater to low-income students and their families, tax credits that support college tuition go mostly to the highest income families.
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Federal Programs Related to - Student Financial Aid
Programs that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school. Assistantships; Cash Grants for Students; Fellowships; Guaranteed Student Loans; Merit Scholarships; National Direct Student Loans; Scholarships; Student Aid; Student Loans; Teaching Assistantships; Tuition Assistance; Tuition Grants; Work-Study Awards
Federal Programs Related to - Public Finance, Taxation &Monetary Policy
Programs that are primarily engaged in financial administration, taxation and monetary policy. Campaign Finance, Federal Reserve; Monetary Policy; Taxation