Tax Proposal Hurts Higher Ed

The AAUP, along with other higher education groups, strongly opposes proposed changes included in tax legislation being voted on by Congress this week. The AAUP particularly opposes the repeal of provisions exempting from taxation tuition waivers for campus employees and graduate students, which would cause a devastating tax increase for thousands of graduate students, and the repeal of the current Student Loan Interest Deduction, which would result in an increased cost of roughly $24 billion to student borrowers over the next decade.  The attached link refers to a letter form the American Council on Education that expresses grave concern for H.R.1, the Tax Cuts and Jobs Act.

https://www.aaup.org/news/tax-proposal-hurts-higher-ed#.Wg281rpFyUm