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Examines benefits offered by Hope Scholarship Credit and Lifetime Learning Credit, established under the Taxpayer Relief Act to provide tax relief to defray the cost of higher education for student...
Examines benefits offered by Hope Scholarship Credit and Lifetime Learning Credit, established under the Taxpayer Relief Act to provide tax relief to defray the cost of higher education for students. Estimates the benefits potentially offered by the credits to young adults who are currently out-of-school, and the reviews eligibility of currently enrolled aided students for the tax benefits and how much they might receive. Also estimates changes in the targeting of Federal grants and tax credits, and the distributional effects of changes to the credits. Includes graphs.