Judul : Update on the Senate tax bill/tuition waivers
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Update on the Senate tax bill/tuition waivers
The Senate early Saturday morning narrowly approved major tax legislation roundly opposed by higher education leaders and student groups...
The 51-to-49 Senate vote sets up negotiations with House leaders over substantial differences between the two bills. Most in higher education view that House bill as substantially more harmful for students and colleges than the Senate bill, but that doesn't mean they don't have major concerns over the Senate legislation.
...But the Senate plan does not include provisions stripping many tax benefits for students pursuing a college or graduate degree or paying off their loans, making it a significant improvement over the House bill, said Ted Mitchell, president of the American Council on Education, in a statement. Student and faculty groups mobilized protests across the country this week against the elimination of those student tax benefits. Those protests focused in particular on a provision of the House bill that would tax graduate student tuition waivers as income -- a change that those groups say would make graduate education unattainable for many students....I suspect the tuition waiver will go away, but my assessment of my ability to predict political outcomes has taken a dive as of late...
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