Word: acted
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Dates: during 1970-1979
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Supporters of both proposals claim to have the solution that provides the most effective means to aid students in need. The tax credit people say the virtue of their bill is the simplicity with which taxpayers can claim the credit on their tax returns. The benefits from the Opportunity Act would go only to those who could fight through a tangle of complicated application forms. But the Opportunity Act proponents counter by saying that the Internal Revenue Service will have to set up a completely new bureaucratic network to administer the tax credits and collect much of the same data...
...Senate passed the College Opportunity Act in August by a wide 68-14 margin, but Rep. Jim Delaney (D-N.Y.) has refused to let the bill, called the Middle-Income Assistance Act in the House, out of the Rules Committee which he chairs. An aide to the Education Subcommittee of the Senate human resources committee says Delaney is a supporter of tax credits and fears the death of the tax credit plan if the Opportunity Act makes it through Congress...
...shows that while almost half of the money for the tax credit would go to families in the $10,00 to $25,00 range, as much as 37 per cent would go to those earning over that amount and only 13 per cent to families earning less. The Opportunity Act provides bigger grants to a more narrowly-defined group. Sixty-four per cent of the money added to the BEOG program would go to families with incomes of $15,000 to $25,000 with the rest going to families earning less...
...Jerrold Gibson '51, director of the University's office of fiscal services, says the Opportunity Act would benefit Harvard students more than the tax credit because students at high-cost schools like Harvard are more apt to borrow money to finance their tuition payments and therefore need the expanded loan program. Also, a $500 tax credit hardly makes a dent in a Harvard term-bill whereas the different grant and loan programs can provide more meaningful amounts of aid for those students eligible...
...there. It's not cut--throat. In the Big Ten the rans root, here they watch. The student bodies and alumni are so different, more like a family That's what makes it the Ivy League. When I graduate and go to a Harvard game I'll probably act the same...