Reply to Which will matter more - full pay or boot straps story?

Forum Index » College and University Discussion

Reply to "Which will matter more - full pay or boot straps story?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Today's YCBK talks about how the tax bill (endowment tax, Pell Grant, student loans, college reimbursement, 529 plans, Medicare and overall impact of bill on college admissions) will impact the coming cycle.

In the past, he did discuss an inclination towards full pay (he did say that a few months ago bc of funding cuts). [/quote]

If you read the transcript, he says out loud who gets hit the hardest by endowment tax:
8% tax:
Harvard
Yale ([i]Yale has said it's expected to have to pay $280 million a year in the first year out of pocket (with increasing amounts ea year)[/i]).**
Princeton
Stanford 
MIT

** Yale immediately announced a hiring freeze, lower salary increases for faculty and staff and delay of capex

4% tax:
U Richmond
Rice
Duke
Columbia
Emory
Notre Dame
Dartmouth
Vanderbilt
WashU
UPenn and more

1.4% tax (current?):
Brown
Northwestern
UChicago and more

So will the top two categories pivot HARDER to full pay students?

From the podcast:
"At some colleges, the higher endowment tax exceeds the college's total financial aid budget....making it diffiucult for colleges to continue to award very generous financial aid".
"Its not an edowment tax anymore, its a research university tax".

Mark said tuition hikes are inevitable.

Who wins?
Small liberal arts colleges - bc of their successful lobbying efforts (exemption for colleges enrolling less than 3000 tuition paying students). The best experiences at college in the next few years will be at SLACs.
Grinnell went from paying $2.4M under the current tax to now being entirely tax exempt.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics