Trump’s new endowment tax hits elite US universities hard:...

Trump’s new endowment tax hits elite US universities hard: Could it shut the door on lower-income applicants?

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Prestigious US universities like Harvard and Yale are preparing for significant endowment tax increases under a new law. These institutions face potential budget cuts, hiring freezes, and staff layoffs. Experts are concerned that reduced financial aid could limit access to elite education for lower- and middle-income students, impacting research funding and overall accessibility.

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