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 disproportionately benefit more affluent Americans. So do tax-deductible savings plans and the federal work-study program, which gives taxpayer dollars to students who take campus jobs to help pay for their expenses.
