Six Key Provisions of the Tax Bill Affecting Higher Education

Six Key Provisions of the Tax Bill Affecting Higher Education

Many UNC Chapel Hill graduate student workers earn the minimum stipend, $15,700 over 9 months.

When comparing the historical tax structure versus the House plan by calculating the Cumulative Differential Tax Burden (CDTB), which is the sum of tax increases, over four years (approximately the length of time most students would be on full tuition), the problems pile up.

Reed Larson, chair, Council of Alberta University Students, said students are thrilled to see that the government has heard them and ensured that post-secondary education remains affordable and accessible.

Bloom said the longtime provision benefited 145,000 graduate students in 2011-12. The Senate bill does not contain the changes the students are protesting.

The tax hikes could close off graduate education to all but the wealthy, said Emily Yen, a doctoral student in sociology at UCLA, where about 250 graduate students protested Wednesday.

However, the student from the public university (whose tuition was between $27,000 and $29,000 per year) experienced the greatest increase in Effective Tax Rate (ETR), meaning the proportion of taxes relative to income.

"I would have to drop out", she said. Burr and Tillis and thanking them for keeping the stipend tax out of the bill and ask them to keep it out of the final bill. "It would be a really significant cut in my income".

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"Tuition waiver" is the term for the provision in current tax code that allows students to exclude tuition costs covered by their university from their taxable income.

Barclay and Simmons see hope that the Senate will reject the most onerous of the House provisions. The Senate bill also doesn't tax deductions for student loan interest.

English Department Graduate Chair David Eng said the GOP tax bill and the immigration stances of the Trump administration are discouraging global students from pursuing graduate studies in the United States.

The House passed the tax reform bill on November 17th, 2017.

Duke is concerned about all of the provisions affecting higher education in the House bill, but Simmons said the priority is protecting graduate stipends and the tuition assistance programs. "It's like this is what your bill would be if you're paying it, but now it's waived", said Shelcie Menard, PhD Candidate.

Although NYU President Andrew Hamilton wrote in a statement to graduate students that "combatting these elements of the bill - on our own, with peer institutions, and through higher education associations - is receiving our highest attention and effort", Perold urged students to "keep up the fight" against the University. "But we're going to leave a voicemail to tell them to vote no on the tax bill". "But discretionary spending is where higher education gets much of its resources for student aid and research". As USC Professor David Schwartz added: "Doing this is just a mean-spirited attack on higher education".

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