It won’t be used for student tuition, it’s just a low cost way to cover living expenses while in school. It won’t affect the revenue earned by us except that students won’t have to drop out due to homelessness
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Replying to @AustenAllred @octal
I'm not questioning the motivation. I'm just pointing out the tax authority might have issues with it being tied to consumption of a specific for profit provider if you want the tax exempt status
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I understand what you’re saying but the tax code doesn’t make that case. It says it can’t benefit one “individual” but it doesn’t have any limitations I can think of that would stop, for example, a school for using it for the benefit of its students only
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Replying to @AustenAllred @octal
Imagine if a specific brand of tenis racket maker stayed a non profit to give subsidized tennis balls to underprivileged buyers of its rackets...
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Or what if a for profit school started a nonprofit scholarship fund to help its students, like happens in nearly every school in the US? All 501c3
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Replying to @AustenAllred @octal
Can you give me a specific example of such an arrangement, honestly curious
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http://www.phoenix.edu/tuition_and_financial_options/scholarships/institutional-scholarships/prospective-students/Copy%20of%20goodwill-scholarship.html … first I found googling. There are thousands.
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Replying to @AustenAllred @octal
Yeah that is not a great example since am vets is independent of Phoenix also tuition could be a waiver from Phoenix so they don't stand to benefit the way they would if it was due paying student getting subsidy on living expenses
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What does “independent institution” mean in this instance? Not a subsidiary of a corporation?
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Replying to @AustenAllred @octal
That specific example they do not begot phoenix the way it wouldif itwas for living expenses for fee paying student
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Those scholarships don’t even cover a full semester tuition
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