Obama's $10,000 Tax Credit For College Sounds Great, But It Misses The Mark

Regardless of family income, the difference in timing between taxes and tuition makes it debatable that the credit is doing much to deal with college affordability. Tuition typically comes due in the fall. But tax credits are paid out in the late spring. So the credits come to families half a year after they had to front the money for tuition and months before they will have to do so again. That’s likely of little comfort to someone worried about how they can keep affording college.