Summary
A change to the federal university endowment tax is allowing Trinity University to redirect resources previously spent on the tax toward student support. The article highlights Trinity’s inclusion in The Washington Post’s coverage of the policy change and explains how the savings are helping fund initiatives such as higher wages for student workers.
The Washington Post reported recently on a change in the federal university endowment tax that exempts schools with 3,000 or fewer students. The change affects Trinity University, which had paid the endowment tax for the past seven years. Many schools are dedicating the amount they paid in taxes to student initiatives. Not paying the tax has helped Trinity increase the minimum wage for student workers to $10 an hour, starting this fall. Read the whole story here.