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My 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…
I think this is a good thing. Graduate education is grossly overpriced, because institutions know the government will help pickup the tab.
So 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.
Destroy 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.
I think this is a good thing. Graduate education is grossly overpriced, because institutions know the government will help pickup the tab.
I don't follow your line of thought. How is the government picking up the tab? The government isn't making any payment back to the institution.
Earlier quoted context omitted.
I don't follow your line of thought. How is the government picking up the tab? The government isn't making any payment back to the institution.
My understanding is that universities jack up the tuition knowing the students can get government subsidized loans and grants. Then they give tuition waivers to those who cant because the prices are jacked up and getting something from them is better than nothing.
I think this is a good thing. Graduate education is grossly overpriced, because institutions know the government will help pickup the tab.
But I share the same sentiments
So 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.
From my brief assessment, it seems like tuition waivers are a form of barter. Other forms of bartering are taxable, so they're eliminating this exception.
Maybe what they could do is claim we are first and foremost employees and that the PhD is a certificate of on-the-job training. Presumably they are not going to charge Facebook for the training courses they give their employees.