
Regulation
The Private Universities Affected by Proposed Tiered Endowment Tax
At least 41 colleges and universities would be subject to an expanded federal endowment tax, with several subjected to new, higher rates.
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
NACUBO welcomes rule changes but still opposes tax, which it says diminishes resources for students.
Universities have called for the removal of the 1.4% excise tax, which they say hurts financial aid.
Higher education foundations finally get guidance on 2017 excise tax.
Clarification of 1.4% excise tax could reduce amount paid by universities.
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.