Another stupid thing is you're allowed to write off your education expenses from your taxable income, but only in the same year that you made the expenses. The

Another stupid thing is you're allowed to write off your education expenses from your taxable income, but only in the same year that you made the expenses. The tax deductions can't get carried over into future years. This effectively means almost everyone who gets loans for their education pays full taxes on the money they used on that education. But if you have well-to-do parents pay for your education, they get to write the expenses off and pay much less in taxes during your college years. It's a situation where wealthier people get a significant discount just for being wealthy, and there's really no social benefit to having it be this way.