MarkT Posted November 19, 2017 Share Posted November 19, 2017 http://wunc.org/post/house-gop-tax-plan-would-hit-grad-students-massive-tax-hike#stream/0 Quote Link to comment Share on other sites More sharing options...
MarkT Posted November 19, 2017 Author Share Posted November 19, 2017 Maybe they can change "tuition waivers" to merit aid for the grad students. Hopefully this doesn't mean I will be paying taxes on my son's college merit scholarships which he earned with hard work throughout his high school years (including this year). Quote Link to comment Share on other sites More sharing options...
Mabelen Posted November 19, 2017 Share Posted November 19, 2017 Simply terrible! Quote Link to comment Share on other sites More sharing options...
JanetC Posted November 20, 2017 Share Posted November 20, 2017 @MarkT It doesn't matter whether they call it a tuition waiver or merit aid, if you're a grad student, its taxable under the proposed law. (Passed House, currently in Senate), Fortunately, undergraduate scholarships for tuition/fees are currently exempt. 1 Quote Link to comment Share on other sites More sharing options...
Mom22ns Posted November 20, 2017 Share Posted November 20, 2017 As someone applying for an Grad Assistantship, this was bad news. However, I'm applying for that assistantship at a local state U, where the tuition value is relatively low and we can handle the taxes. For many kids getting an assistantship at an expensive private college, will mean having to take out loans to pay the taxes. For some, it will mean they can't accept the position because the taxes will be more than they can pay. This is sad and it is a ridiculous place to find tax money. 2 Quote Link to comment Share on other sites More sharing options...
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