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College endowment tax means hiring freezes, possible scholarship cuts

8 August 2025
in USA
0
College endowment tax means hiring freezes, possible scholarship cuts
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A new tax on university endowments, signed into law by President Trump, will significantly increase financial burdens on the wealthiest U.S. colleges, including Harvard and Yale, by imposing rates up to 8% based on asset size per student. This could lead to staff layoffs, hiring freezes, and reduced financial aid for lower-income students as institutions adjust to increased tax liabilities amidst declining federal funding.

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Tags: back to schoolBusinessCaliforniaCollegeColleges and UniversitiesConnecticutcutsDonald TrumpEducationEducation fundingEndowmentfreezesGeneral newsHiringHoustonIN State WireIndianaLifestyleMassachusettsmeansMissouriMO State WireNew HampshireNew JerseyNH State WirePA State WirePennsylvaniaScholarshipSteven BloomTaxTaxesTennesseeTexasTN State WireTX State WireU.S. newsWashington news
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