Low-Income College Students Are Being Taxed Like Trust-Fund Babies

A little-noticed provision in President Trump’s sprawling new tax law is treating middle- and low-income college students as if they are trust-fund babies, taxing sizable financial aid packages at a rate first established 33 years ago to prevent wealthy parents from funneling money to their children to lower their tax burdens.....
https://www.nytimes.com/2019/05/17/us/politics/college-scholarships-tax-increases.html