This person is correct that waived tuition should not be considered income.https://twitter.com/nick_kapur/status/931306260158386177 …
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Schools should put their "list price" tuition up to $5M just so they can enslave their students to the IRS forever with waivers.
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My question is why schools logistically charge a fake tuition that they refund back. Why don't they just say "we're selling you an educational product which costs $500 in student fees"? it must give them more federal grant money
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Like a sale price, it might make the students more excited about the deal they're getting. "Look at this amazing discount!"
End of conversation
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