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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are college scholarships now taxed?[/quote]

No. Graduate stuxents doing work towards their PhDs get a salary called a stipend. That will be taxed. And if your employer gives tuition assistance that will be taxed. [/quote]

It's more than just taxing the stipend. Many graduate degrees are tuition free. The GOP bill proposes to tax the value of that education. So right now, a grad student earns $20,000 and gets and education worth $80,000.

Right now, that grad student, if they have other income will pay on that $20,000. In the future, they would have to pay taxes on $100,000.

So much winning.[/quote]

And why should the Federal government subsidize your useless Ph.D in epistemological philosophy?  MD JD and MBA who take out loans to finance their educations are charged interest on top of being taxed on the eventual income that is then used to pay off loans.  If your degree can't handle the cost it takes to get it, then maybe it's not worth our tax dollars either and better for all of us that you don't get it.[/quote]

I do not think you understand how it works.  As a grad student, I received a Stipend.  I also received a tuition waiver -- that meant I did not pay tuition, which was worth more than my stipend.  I never saw the cash for the tuition waiver.  I just did not have to pay tuition.   Lets say, I was earning 20K, and tuition was 40K.  Under the current law, I paid tax on 20k -- my earnings.  Under the house bill, I pay tax on 60K, my earnings & the tuition waiver.  [/quote]

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