The GOP Tax Plan Will Destroy Graduate Education
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Re: The GOP Tax Plan Will Destroy Graduate Education
#2Destroy is certainly too strong of a word to use.
This tax plan would likely mean more student loan debt. That's also bad - but it isn't going to destroy graduate education.
Re: The GOP Tax Plan Will Destroy Graduate Education
#3Destroy is certainly too strong of a word to use. This tax plan would likely mean more student loan debt. That's also bad - but it isn't going to destroy graduate education.
U.S. education is absurdly expensive already. That's another topic but by the time you get to graduate school, you are already in debt...a lot of debt.
Considering graduate school is also unduly expensive to begin with, many people are not going to want to take on a big loan they won't be able to pay back.
The result will be a lack of higher skilled graduates from U.S. universities. It's already a problem for the U.S. and it will get far worse. That's not good for the U.S.
Re: The GOP Tax Plan Will Destroy Graduate Education
#4My alternate headline: GOP Tax Plan will force institutions to alter graduate tuition accounting
Tuition waivers are currently used, especially in the science disciplines, to have outside research grant dollars pay for grad-student tuition. If this tax plan passes, tuition waivers would no longer make sense and the dollars from research grants would need to shift. This probably means lower tuition for certain programs and more money from the research grant going to institutional administrative costs.
Re: The GOP Tax Plan Will Destroy Graduate Education
#5No, it won't. The sensationalism all around is just infuriating; I know it's basically politics in a nutshell, but this sort of crap is getting really old. It's not going to destroy higher education; it might raise the bar a bit of who goes to graduate school, and force schools to do more to entice top tier talent to come to their school, but it's not going to destroy it.
Re: The GOP Tax Plan Will Destroy Graduate Education
#6I think this is a good thing. Graduate education is grossly overpriced, because institutions know the government will help pickup the tab.
Re: The GOP Tax Plan Will Destroy Graduate Education
#7My alternate headline: GOP Tax Plan will force institutions to alter graduate tuition accounting Tuition waivers are currently used, especially in the science disciplines, to have outside research grant dollars pay for grad-student tuition. If this tax plan passes, tuition waivers would no longer make sense and the dollars from research grants would need to shift. This probably means lower tuition for certain program…
Exactly.
Personally, I'd like to see a balanced approach: shift some of the money to increase those laughable stipends into something livable, and put the rest where it belongs: on admin costs.
The shell game universities are playing is part of the problem. Hopefully, if this change makes it into the final bill, Universities do the right thing and don't stick it to their Grad Students.
Re: The GOP Tax Plan Will Destroy Graduate Education
#8Destroy is certainly too strong of a word to use. This tax plan would likely mean more student loan debt. That's also bad - but it isn't going to destroy graduate education.
PhD programs (which are the ones that are usually getting tuition wavers) don't usually increase lifetime earnings. Generally speaking, when you graduate, you make about as much as you would have if you had been working for 5-7 years... and you don't have 5-7 years of salary behind you.
Re: The GOP Tax Plan Will Destroy Graduate Education
#9So the plan is...
>> Under the new GOP tax plan, however, those tuition waivers would be taxed as regular income...
Sensationalist headlines aside... Why is this being targeted in the new tax plan? Usually I can find something with a quote from someone that explains.
Re: The GOP Tax Plan Will Destroy Graduate Education
#10Destroy is certainly too strong of a word to use. This tax plan would likely mean more student loan debt. That's also bad - but it isn't going to destroy graduate education.
If I can't make rent doing this, I am unlikely to keep at it.