Thinking more on this rabbit hole ... they are taxing students on the amount that the college would have made on a non-waiver student. Which is just an amount made up by the college. It could be $0 or $1 billion.
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Basically like taxing full MSRP for something that's on sale...that can never be resold. Sounds... not legal. (Note: I also had a tuition waiver in grad school)https://twitter.com/nytimes/status/931312446761037825 …
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Basically, you cannot teach someone for free if you already made another person pay. Isn't this a 1st amendment right, though? That you can speak and not be penalized for it?
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I guess one way out of it for schools is to actually kill the waiver and pay these students tuition PLUS enough to cover tax on it. So a double tax for schools. And to afford that they will probably need to raise tuition on everyone else.
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Looking in the replies it seems like the overwhelming response is, "of course education should not be free!" But isn't that up to the private institution to decide?
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(For the record I'd be totally okay if US education was free and our educated populace made our country a into a super utopia of wealth and innovation)
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End of conversation
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It's almost like they benefit from having a country full of uneducated people.
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Well, ultimately they don't, but they certainly seem to *think* they do.
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wouldn't have thought omitting private student loans from bankruptcy could be legal either but mmmmmm college sux here
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