ACE and nine higher education associations submitted comments on April 15, 2013, to the House Ways and Means Committee Tax Reform Working Group on Education and Family Benefits on several tax provisions that are important to college students and their families.
Although originally enacted discretely, the current federal tax code contains a number of provisions that taken together create a framework that functions as a kind of “three-legged stool” intended to advance three important goals: 1) to encourage saving for higher education; 2) to help students and families pay for college; and, 3) to assist with the repayment of student loans.
The associations write that they strongly support this “three-legged stool” framework and believe tax reform provides an excellent opportunity to make improvements to certain provisions in order to maximize their effectiveness and enhance access to higher education.
Along with ACE, the associations signing the comments include:
- American Association of Community Colleges
- American Association of State Colleges and Universities
- Association of American Universities
- Association of Community College Trustees
- Association of Jesuit Colleges and Universities
- Association of Public and Land-grant Universities
- National Association of College and University Business Officers
- National Association of Independent Colleges and Universities
- National Association of Student Financial Aid Administrators