by Bryce Covert
"The students from the most well off families receive the most tax-based federal college financial aid, which has become a big piece of the federal aid pie, according to a recent report from The Reimagining Aid Design and Delivery (RADD) Consortium for Higher Education Tax Reform.
"While low-income families receive more Pell Grants than wealthier ones, less visible is the fact that the tax credits that support college tuition go mostly to the highest income families. For example, households that make $100,000 or more get more than half of the benefits from the Tuition and Fees Deduction and the Exemption for Dependent Students tax credits. They get about a quarter of the benefits from the American Opportunity Tax Credit and Student Loan Interest Deduction Benefits."