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College and University Discussion
Reply to "LACs will avoid endowment tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They also dropped the part that excluded international students from the calculation and lowered the rates to 1.4% between $500-750k per student, 4% between $750k-$2 million per student, and 8% over $2 million. A big nothing-burger for most institutions in the end.[/quote] Wow, people made such a big deal out of nothing. Life goes on.[/quote] It was a huge deal for a number of schools. This move makes the NESCAC as well as schools like Swat and Pomona exempt where is was going to cost a few of them many millions of dollars per year. It just shows that it was nothing but revenge politics. Protecting Hillsdale was more import than any other reasoning. Notre Dame is taking it in the shorts on this one.[/quote] I think Hillsdale was already exempt because they don’t take federal money.[/quote]
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