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Higher Education Levy Hits Elite Private Endowments
The 1.4 percent levy on private university endowments targets rich liberal arts schools, mostly in blue states, with Harvard Yale Stanford and MIT accounting for large shares. Grinnell College in Iowa faces potential tax impact, as lawmakers weigh impact on financial aid and tuition while protecting smaller endowments.
MENTIONED IN THIS ARTICLE
New York
Bloomberg
Connecticut
California
Congress
Richard Vedder
Center For
Ohio University
American Enterprise Institute
Harvard
Yale
Stanford
Princeton
Massachusetts Institute of Technology
Earlham
Indiana
Hillsdale
Michigan Christian College
Education
Betsy DeVos
Williams and
Amherst
Massachusetts
Pomona
Los Angeles
Washington
Lamar Smith
Texas
Yale University
Rod Blum
Iowa
Grinnell College
Bradley Byrne
Duke
Alabama
Grinnell
Chuck Grassley
Raynard Kington
Tom Cole
U.S
Oklahoma
Kington
Berea College
Kentucky
Senate
Mitch McConnell
Berea
Appalachia
Arene
Robert N. Noyce