This paper measures the effects of subsidies in the Affordable Care Act on adverse financial outcomes using administrative tax data and credit data on financial outcomes. Using a difference-in-differences design with propensity score reweighting, I find that at $100 per capita, ACA premium tax credits and cost-sharing reduction subsidies reduced…

The House has passed a budget reconciliation bill that supporters are referring to as a "one big, beautiful bill." However, the authors of this Issue Brief believe that this budget bill threatens the health and nutrition of millions of children and pushes millions of children into poverty in order to provide tax credits for corporations,…

The "Budget of the United States Government, Fiscal Year 2025" contains the Budget Message of the President, information on the President's priorities, and summary tables. This volume includes economic and accounting analyses, information on Federal receipts and collections, analyses of Federal spending, information on Federal borrowing…

Outstanding federal student loan debt exceeds $1.6 trillion and is owed by approximately 45 million borrowers. Thus, a policy to broadly cancel federal student loan debt would directly apply to a discrete segment of the U.S. population. Cancelling some amount of federal student loan debt would alleviate loan repayment burdens for qualifying…

A for-profit college may convert to nonprofit status for a variety of reasons, such as wanting to align its status and mission. However, in some cases, former owners or other insiders could improperly benefit from the conversion, which is impermissible under the Internal Revenue Code and Higher Education Act of 1965, as amended. This…

The "Budget of the United States Government, Fiscal Year 2024" contains the Budget Message of the President, information on the President's priorities, and summary tables. The 2024 Budget is a blue-collar blueprint to rebuild America in a fiscally responsible way that leaves no one behind. The Budget continues lowering costs for…

This Policy Brief provides a detailed look at 529 education savings plans -- investment accounts with tax advantages -- including a breakdown of maximum annual dollar amounts and state tax deductions allowed, state responses to the Tax Cuts and Jobs Act, information on legislation in 2018 that changes eligible expenses allowed under 529 plans and…

Food Stamp work requirements for college students date back to the 1960s and '70s when public perception fueled the belief that students from middle- and upper-income families, who should support them, were taking advantage of government. This was coupled with a belief that students had made themselves "voluntarily idle" by removing…

The "Budget of the United States Government, Fiscal Year 2023" contains the Budget Message of the President, information on the President's priorities, and summary tables. The Budget lays out detailed investments to build on a record-breaking year of broad-based, inclusive growth--and meet the challenges of the 21st Century. It is a call…

U.S. legislators recently brought back thirty-four tax programs from legislative limbo, extending them for three years. This includes the tuition and fee deduction, used by taxpayers to save on college expenses. This regressive tax policy flows heavily towards higher-income levels, with almost a third of the deduction going to those with incomes…

This paper studies the impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 that amended employer-sponsored education assistance (ESEA) fringe benefits from taxable to nontaxable for graduate studies. ESEA is an integral part of graduate education finance and is the dominant non-loan source of student aid. Using…

Comprehensive child care and early learning policy benefits everybody. From the benefits to the American economy and businesses, to the ways it improves healthy child development and educational outcomes, to the prospects for greater gender, racial, and economic equity, everyone in the United States has something to gain from a significant…

In December 2019, Congress enacted and the President signed the Fostering Undergraduate Talent by Unlocking Resources for Education Act (FUTURE Act; P.L. 116-91). The law The law amends the Higher Education Act (HEA) to permanently authorize mandatory funding for grant programs to support HBCUs and MSIs. Authorization for this funding had expired…

In February 2020, the Congressional Budget Office released a report on the budgetary effects of student loans repaid through income-driven plans. This paper provides additional information on the analysis the agency conducted on the characteristics of borrowers in those plans and the methods the agency used to project borrowers' earnings,…

Research suggests that there are several positive impacts of mental health programming in K-12 educational settings, including improvements in students' overall health, academic and social outcomes. Additionally, comprehensive and effective school mental health systems can lead to a variety of beneficial outcomes for schools and communities,…