Congress is looking at college and university endowments and at their donors as a source of revenue. Tax endowment fund earnings have been exempted from federal income tax and those who contributed to such endowment funds were able to “deduct the value of their contributions from income subject to tax.” Continue reading
If you think college tuition is expensive now, wait until it is free. Two years of “free” community college sounds wonderful, even though some students who just graduated felt cheated that they did not get it “free” and, in the name of fairness and justice, retroactive reimbursement was immediately demanded. Continue reading