Will you join us in telling Congress not to make higher education unaffordable by taxing tuition waivers and eliminating the Student Loan Interest Deduction?
H.R. 1, the Tax Cuts and Jobs Act, if enacted as written, will have a severe negative impact on students and higher education in the US.
The legislation would repeal provisions exempting from taxation tuition waivers for campus employees and graduate students, causing a devastating tax increase for thousands and making it impossible for some to continue their studies.
The legislation would also repeal the current Student Loan Interest Deduction, causing an increased cost of roughly $24 billion to student borrowers over the next decade.