image credit: flickr

New bill takes aim at tax breaks for college donors

The same week news broke that several wealthy parents had paid huge sums to get their children into elite schools, Wyden vowed he would introduce legislation to change the “corrupt system” and limit the tax benefits of college donors.

“While middle-class families are pinching pennies to pay tuition and graduates are buried under tens of thousands of dollars in student debt, wealthy families are greasing the skids to get their children into elite schools on the backs of those same families and graduates,” he said in the bill’s announcement Wednesday.

Read More on Education Dive