Steven Bloom, director of governmental relations for the American Council on Education, said the endowment tax will do nothing yet harm.
“in which just takes away money coming from schools in which will be hit along with sends the money to Washington,” Bloom said. “Those dollars could be used for things like financial aid.”
One of the schools in which will be taxed is actually Cooper Union in brand-new York City. For decades, the school admitted students for free. Today, in which covers around 75 percent of students’ tuition yet had hoped to return to an entirely free institution one day.
“The brand-new tax reform plan has the potential to make in which return to free tuition much more difficult,” said Laura Sparks, the school’s president.
Elizabeth Clark, senior director of federal affairs at The National Association of College along with University Business Officers, doesn’t see why one school should be exempted coming from the levy.
“Berea College carries a very unique along with laudable mission, yet additional colleges in which will be impacted by the endowment tax have laudable missions as well,” Clark said.
in which the Republicans’ legislation reflects their preferences, Roelofs said, shouldn’t come as a surprise.
“They won the election,” he said.
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