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The “Big Beautiful Bill” slaps Harvard with 8% tax on endowment
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Date: July 5th, 2025 11:59 PM Author: chestnut sanctuary “ The endowment tax is just one of several provisions in the nearly 940-page bill with implications for Harvard. The legislation eliminates the federal Grad PLUS loan program and caps Parent PLUS loans at $65,000 per student — changes that could reduce access to graduate education and limit borrowing options for low-income families. It also consolidates student loan repayment plans and eliminates key borrower protections, including deferment for economic hardship and unemployment.
The bill also ties access to federal student aid to graduates’ earnings. Under the new accountability framework, programs whose graduates earn less than the median income of a high school graduate risk losing federal loan eligibility.
Those provisions are scheduled to take effect beginning July 1, 2026.”
https://www.thecrimson.com/article/2025/7/5/big-beautiful-bill-endowment-tax/ |
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Date: July 6th, 2025 12:04 AM Author: Big nibblets what abut the 8?%
als, LOL @ eliminates key borrower protections, including deferment for economic hardship and unemployment |
Date: July 6th, 2025 12:05 AM Author: appetizing crackhouse Does it include any other sensible provisions? (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075450) |
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Date: July 6th, 2025 12:56 AM Author: slippery menage a few other schools too
180 attack on the higher Ed scam |
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Date: July 6th, 2025 1:05 AM Author: Concupiscible fat ankles they should be taxed at the same ordinary income and LTCG rates as everyone else. 8% is weak. (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075552) |
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Date: July 6th, 2025 1:19 AM Author: Razzle-dazzle Brass Mood Depressive this is 180 as fuck, why did nobody talk about this? (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075563) |
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Date: July 6th, 2025 1:20 AM Author: Big nibblets cut tax for the rich and reduced spending on poors was 99% of the bill. so people focused on the 99% (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075565) |
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Date: July 6th, 2025 1:21 AM Author: Razzle-dazzle Brass Mood Depressive but I care more than the normal person about fucking over colleges (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075568) |
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Date: July 6th, 2025 1:25 AM Author: slippery menage (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075571) |
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Date: July 6th, 2025 1:39 AM Author: Lemon motley pit haunted graveyard Going after student loans and the higher education industry is the most 180 part about it. Lower borrowing caps. It even eliminates unemployment and hardship forbearance for borrowers in the future. Tons of schools will be totally fucked (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075572) |
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Date: July 6th, 2025 1:56 AM Author: slippery menage YNY (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075587) |
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Date: July 6th, 2025 1:58 AM Author: vigorous fuchsia boltzmann (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075589) |
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Date: July 6th, 2025 1:58 AM Author: Razzle-dazzle Brass Mood Depressive realistically how does killing forbearance fuck the schools? they will still get paid, caps are going to fuck them (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075588) |
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Date: July 6th, 2025 4:41 AM Author: Misanthropic swashbuckling police squad field The caps seem high enough that most people can still afford it. Probably just drives the market to private loans for the extra $10k a year (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075649) |
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Date: July 6th, 2025 2:01 PM Author: Cyan Bawdyhouse Will private lenders offer 10k/year loans for junk degrees though? (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49076323) |
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Date: July 6th, 2025 4:40 AM Author: Misanthropic swashbuckling police squad field The deferment for economic hardship never made any sense in a world with IBR. You already pay $0 if you lose your job. (Now you pay $10 per month.) You were actually just fucking yourself over by going on deferment because you weren’t getting credit for forgiveness. (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49075648) |
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Date: July 6th, 2025 1:43 PM Author: slippery menage (http://www.autoadmit.com/thread.php?thread_id=5746608&forum_id=2],#49076281) |