The price of a good education is more expensive than ever. Tuition costs for college are sky high, creating a heavy burden for students who aren't lucky enough to receive a full scholarship. Despite the high cost, a good education is still the best way to put a young person on the path towards a successfully future, making an expensive college education a necessary evil.
The cost of higher education has reached the point where the House Ways and Means Committee had hearings in September of 2016 about the uses of college endowments. During the hearing Rep. Peter Roskam (R-Ill.), chairman of the Ways and Means Oversight committee, asked whether the tax code should be used to encourage people to donate money specifically for scholarships at universities.
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