How Tax Reform Affected These Hidden Subsidies For Higher Education
“Most discussions of federal subsidies for higher education focus on student aid programs such as Pell Grants and student loans. Another category of subsidies costs the federal government over $40 billion per year, but receives much less attention. The federal tax code is riddled with many credits, deductions, and exclusions that benefit the education industry. However, these tax expenditures generally aren’t counted as normal government spending.”