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2018 GOP Tax Plan – Proposed Tuition Assistance Tax and Its Impact

by Caron, Ian

Abstract

In early 2018, Republicans passed what was to be dubbed as the 2018 GOP tax plan. This plan, which is essentially a major tax overhaul, also proposed a variety of educational tax options. While none of the major education-related measures were passed, there was an interesting tuition assistance tax that would have significantly affected how dependents of faculty and staff pay for college. This paper aims at finding the financial “turning point” where a family would elect to use financial aid instead of a tuition assistance plan. I look at a variety of income levels across more than 20 selective private schools and find at what income level a family would elect for financial aid instead of tuition assistance. This plan would have deterred a vast majority families making less than $100,000 from taking tuition assistance, making college more inaccessible for children of lower-earning faculty and staff.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:29667
Digital Origin
born digital
Extent
28 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Sandeep Sharma
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2018-05