House passes tax bill, U. and other institutions object to higher ed provisions
Mallory WilliamsonThe House tax bill contains several provisions to which colleges and universities object, including the removal of tax deductions for student loan interest. The bill would make graduate student teaching and research income taxable, and would tax endowments of private universities with at least 500 students and where the value of the school’s endowment is more than $250,000 per student, an elite group which includes the University.