I'm willing to bet $10 that private student loan outfits are somehow behind this scheme to make tuition waivers taxable. Don't want a stable return asset wriggling out from the debt trap.
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Colleges could always... cut tuition across the board for grad students.
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I think there's a whole complicated financial infrastructure that falls apart if they do
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Tax bracket math here is a bit simplistic - the postage levied is progressive (bankrate.com/finance/taxes/). Point still stands though, this tax plan is awful.
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