"Fiscal cliff" deal includes extensions of tax cuts for tuition

A deal brokered to avert the so-called "fiscal cliff" includes extensions of several provisions designed to alleviate some costs of undergraduate tuition, financial-aid expert Mark Kantrowitz reports in this blog post. However, without a permanent agreement before March 1, sequestration could potentially mean an 8.2% cut in student aid funding as well as fewer opportunities for work-study programs and grants, Kantrowitz notes.

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