College students in the United States and internationally paid close attention to the newly proposed legislation that would affect thousands of students, especially provisions that would have a direct financial impact on college students nationwide.
After the final bill, provisions targeting graduate students and other college tuition tax credit mostly remained unchanged.
However, now many students including undergraduate students who were considering graduate school to obtain their masters or doctoral degrees are cautiously revisiting their post-graduate ambitions.
According to the National Center for Education Statistics website, in 2017 – an estimated 20.4 million students were expected to attend American colleges and universities. That is an increase of about 5.1 million students enrolling in colleges and universities since fall 2000.
The percentage of Hispanic students who attended colleges and universities increased from 9.9 to 17.3 percent. Hispanic students in the age bracket between 18-24-year-olds also increased from 21.7 percent (2000) to 36.6 percent (2015).
Here are some selected articles with precise information to help college (undergraduate, graduate) students and their families understand the outcome of these provisions and what it may mean for the future of higher education.
*Please contact your campus financial and consult with your tax preparer to get specific information related to your and your family’s situation.
What Will The Tax Plan Do To Student Loans? Here’s How To Prepare by Elite Daily
Graduate Students Escaped Tax Increases, but They Still Feel a Target on Their Backs by the New York Times
Here’s how the final GOP tax plan affects current, former and future students by CNBC
Graduate Student Tuition Waivers Will Remain Untaxed by The Underground