Republican Tax Plan for Colleges Is a Self-Inflicted Wound

Republican Tax Plan for Colleges Is a Self-Inflicted Wound
AP Photo/Charles Krupa, File

The tax reform plan now making its way through Congress has a number of measures that would hurt higher education in the U.S. The most worrying feature is that it would tax tuition waivers for graduate students as income, making it much more expensive for most students to get a Ph.D. It would also end tax deductibility for student-loan interest payments, dramatically increasing the already-crushing burden of debt for many former students, and deterring many young people from going to college in the first place.

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