At Home:Tax Credits for Post-Secondary Benefit the Rich.
A new research report by the C.D. Howe institute has found that the bulk of the tax credits that are given for post-secondary education are not benefitting the low income students that they are purportedly for.
The problem occurs, of course, because the tax-credits are non-refundable. This means that if you don’t make enough money to pay the full amount of the tax-credit, you simply cannot claim it. While they can be carried forward until a student graduates and can start making enough money to use the full credit, this does little to help students who could use the assistance to complete their education. All of this is well known by students in the system already, but this external report may help to encourage the government to make changes to the system.
Around the World: Post-secondary Becoming Increasingly Global.
The number of foreign students attending American universities and colleges has reached a record high, with nearly 820,000 of them attending during the 2012-2013 school year, reports the New York Times. The largest growth was seen from China, with a 26% increase meaning that America now has 235,000 Chinese students taking courses there.