As Republicans in Congress seek spending reductions, proposals targeting higher education are gaining traction, raising concerns among advocates. Ideas include new taxes on college scholarships, ending student loan repayment plans, and a significant increase in taxes on university endowments. While these recommendations are still under discussion, their potential impact on access to education and affordability has ignited alarm within the higher education community.
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“It’s shocking to me because this amount of cuts is not happening in reaction to like a budget crisis, like a recession. This really feels different in the sense that it is not something that there is an external push or a need for. So, it feels more ideological in a way,” said Jessica Thompson, a higher education policy expert with The Institute for College Access and Success.The U.S.
The timing is uncertain on when any of these proposals could surface. They could be considered as soon as this spring in a process known as budget reconciliation that would allow Republicans to squeeze proposals through Congress purely on party-line votes. That would not be easy in the House, where Republicans hold the majority by just a few seats.Scholarships and fellowships have been exempt from taxes as long as they are used for tuition and related expenses.
HIGHER EDUCATION REPUBLICANS CONGRESS COLLEGE FUNDING STUDENT LOANS
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