Trump signs law hiking tax on Harvard’s endowment income:...

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Trump signs law hiking tax on Harvard’s endowment income: Elite universities brace for financial hit

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A new law, signed by former President Trump, significantly raises the endowment tax for wealthy private universities like Harvard, potentially costing them millions annually. This legislation, part of a broader conservative agenda, impacts financial aid, research, and global collaborations. Changes to student loans and increased lobbying efforts further complicate the landscape for higher education.

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