The GOP Tax Plan Will Destroy Graduate Education

Read the Forbes essay.

For millions of young people, the American dream is to study the thing you’re most passionate about at the highest levels possible, and then use those skills and that knowledge to build a life you’ll be fulfilled with. For some of us, the American dream includes many years of graduate school and extremely frugal living along the journey to a Ph.D. Traditionally, in a great many fields (such as biology, physics, chemistry, and mathematics), the only way this has been possible is through teaching and/or research assistantships, which grant graduate students with a small stipend (in the ~$20K-$30K/year range) to live off of.

These assistantships also come with a tuition waiver, valued at ~$12K-$50K/year, depending on the public-or-private, in-state-or-out-of-state institution. Currently, these tuition waivers are paid by the college directly to itself, on behalf of the graduate student, and are not counted as taxable income. Under the new GOP tax plan, however, those tuition waivers would be taxed as regular income, making graduate school an unaffordable proposition except for those already independently wealthy.

Contact your CongressWretch.

Author: Jim

I am a Pastor, and Lecturer in Church History and Biblical Studies at Ming Hua Theological College.

Leave a Reply, but it will be moderated

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s