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Beyond Tax Relief: Long-Term Challenges in Financing Higher Education

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  • Kane, Thomas J.
Abstract
Objects to educational tax incentives (in the form adopted in the 97 tax act) as not well targeted and ineffective in reducing the cost to families of future tuition increases. Recommends greater reliance on income-contingent loan forgiveness as an alternative way to help families pay for college.

Suggested Citation

  • Kane, Thomas J., 1997. "Beyond Tax Relief: Long-Term Challenges in Financing Higher Education," National Tax Journal, National Tax Association;National Tax Journal, vol. 50(2), pages 335-349, June.
    • Handle: RePEc:ntj:journl:v:50:y:1997:i:2:p:335-49
    DOI: 10.1086/NTJ41789262
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    References listed on IDEAS

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    1. Charles T. Clotfelter, 1996. "Buying the Best: Cost Escalation in Elite Higher Education," NBER Books, National Bureau of Economic Research, Inc, number clot96-1.
    2. Thomas J. Kane, 1996. "College Cost, Borrowing Constraints and the Timing of College Entry," Eastern Economic Journal, Eastern Economic Association, vol. 22(2), pages 181-194, Spring.
    3. Kane, Thomas J, 1994. "College Entry by Blacks since 1970: The Role of College Costs, Family Background, and the Returns to Education," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 878-911, October.
    4. Joseph A. Pechman, 1970. "The Distributional Effects of Public Higher Education in California: A Review Article," Journal of Human Resources, University of Wisconsin Press, vol. 5(3), pages 361-370.
    5. Feldstein, Martin, 1995. "College Scholarship Rules and Private Saving," American Economic Review, American Economic Association, vol. 85(3), pages 552-566, June.
    6. Thomas J. Kane, 1995. "Rising Public College Tuition and College Entry: How Well Do Public Subsidies Promote Access to College?," NBER Working Papers 5164, National Bureau of Economic Research, Inc.
    7. Aaron S. Edlin, 1993. "Is College Financial Aid Equitable and Efficient?," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 143-158, Spring.
    8. W. Lee Hansen & Burton A. Weisbrod, 1969. "The Distribution of Costs and Direct Benefits of Public Higher Education: The Case of California," Journal of Human Resources, University of Wisconsin Press, vol. 4(2), pages 176-191.
    9. Dick, Andrew W. & Edlin, Aaron S., 1997. "The implicit taxes from college financial aid," Journal of Public Economics, Elsevier, vol. 65(3), pages 295-322, September.
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    Cited by:

    1. Bas Jacobs, 2002. "An investigation of education finance reform; graduate taxes and income contingent loans in the Netherlands," CPB Discussion Paper 9, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Berlinger, Edina, 2002. "A jövedelemarányos törlesztésű diákhitel egyszerű modellje [A simple model of student credit with repayments proportionate to income]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1042-1062.
    3. Bas Jacobs, 2002. "An investigation of education finance reform; graduate taxes and income contingent loans in the Netherlands," CPB Discussion Paper 9.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    4. Bridget T. Long, 2004. "The Impact of Federal Tax Credits for Higher Education Expenses," NBER Chapters, in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 101-168, National Bureau of Economic Research, Inc.
    5. George B. Bulman & Caroline M. Hoxby, 2015. "The Returns to the Federal Tax Credits for Higher Education," Tax Policy and the Economy, University of Chicago Press, vol. 29(1), pages 13-88.
    6. Berlinger, Edina, 2005. "A nyugdíjrendszer és a diákhitelrendszer összekapcsolása [Connecting the pension and student-loan systems]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 631-647.
    7. José Delfino, 2004. "Educación superior gratuita y equidad," Revista de Economía y Estadística, Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas, vol. 42(1), pages 141-160, Junio.
    8. Kane, Thomas J., 1998. "Savings Incentives for Higher Education," National Tax Journal, National Tax Association;National Tax Journal, vol. 51(3), pages 609-620, September.
    9. Rajeev Darolia, 2015. "Income-Tested College Financial Aid and Labor Disincentives," Upjohn Working Papers 15-248, W.E. Upjohn Institute for Employment Research.
    10. Caroline M. Hoxby, 1998. "Tax Incentives for Higher Education," NBER Chapters, in: Tax Policy and the Economy, Volume 12, pages 49-82, National Bureau of Economic Research, Inc.
    11. Steuerle, C. Eugene, 1997. "A Principled Approach to Educational Policy," National Tax Journal, National Tax Association;National Tax Journal, vol. 50(2), pages 351-365, June.
    12. Stephanie Riegg Cellini & Rajeev Darolia, 2017. "High Costs, Low Resources, and Missing Information: Explaining Student Borrowing in the For-Profit Sector," The ANNALS of the American Academy of Political and Social Science, , vol. 671(1), pages 92-112, May.
    13. Michael S. McPherson & Morton Owen Schapiro, 1997. "Financing Undergraduate Education: Designing National Policy," Williams Project on the Economics of Higher Education DP-43, Department of Economics, Williams College.
    14. Turner, Nicholas, 2011. "The Effect of Tax-Based Federal Student Aid on College Enrollment," National Tax Journal, National Tax Association;National Tax Journal, vol. 64(3), pages 839-861, September.
    15. Turner, Nicholas, 2010. "The Effect of Tax-Based Federal Student Aid on College Enrollment," University of California at San Diego, Economics Working Paper Series qt6758069g, Department of Economics, UC San Diego.

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