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GAO: Improved Tax Information Could Help Families Pay for College

by Nicole Evans, Sum dum gai | May 1, 2012

Pursuit's Take

Multiple Title IV programs and tax expenditures provided substantial aid to populations across income levels. In 2009, 12.8 million students received Title IV aid, and approximately 18-million tax filers claimed a higher education tax benefit for current expenses.

However, tax filers do not always select tax expenditures that maximize their potential tax benefits, possibly because filers are unaware of their eligibility for the tax credit or deduction or are confused about their use.

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Paying for College

12.8 Million Students received Title IV aid in 2009
18 Million Tax filers claimed a higher education tax benefit
Read the full report Artboard 1

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