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Student Aid Tax Issues

Traditional nonprofit public and private colleges and universities historically have been granted tax-exempt status. This permits them to devote more of their resources to funding student financial aid, educational activities, academic research, and community programs to achieve their core missions of teaching, research, and public service.

In addition, the Federal Tax Code contains a number of provisions directed specifically at students and families, including various tax credits and deductions, that help make college more affordable and thus encourage greater access to and participation in higher education.

 

AAU, Associations Urge Congressional Leaders to Repeal Taxability of Pell Grants

AAU joined ACE and other higher education associations in sending a letter to House leadership urging them to repeal the taxability of Pell Grants in the FY22 reconciliation process.
Letters | Student Aid | Student Aid Tax Issues | Taxation & Finance

AAU Offers Recommendations to Congress on the Build Back Better Act

AAU President Barbara R. Snyder sent a letter to Congress expressing support for certain provisions of the Build Back Better Act and urging some important modifications as the bill advances through the legislative process. The letter emphasizes the significance of a successful government-university partnership and asks Congress to improve the legislation so it benefits students and America’s research and innovation enterprise.
Infrastructure and Innovation | Letters | Student Aid | Student Aid Tax Issues | COVID-19 | Endowments and Charitable Giving | FY22 | Higher Education Legislation | Innovation and Competitiveness | Taxation & Finance

AAU, Associations Urge Senate Finance Committee Leadership to Repeal the Taxability of Pell Grants

AAU joined a letter to Senate Finance leadership urging them to repeal the taxability of Pell grants as part of the FY22 reconciliation process.
Letters | Student Aid | Student Aid Tax Issues | Taxation & Finance

AAU Joins Letter Advocating for Repeal of Pell Grant Taxability in Reconciliation Package

On September 3, AAU joined nine other higher-education associations in sending a letter to House and Senate appropriators to urge them to repeal the taxability of Pell grants by incorporating the “Tax-Free Pell Grant Act” as part of their final FY2022 reconciliation agreement.
Letters | Student Aid | Student Aid Tax Issues | Affordability and Student Aid | Taxation & Finance

AAU Sends Letter to Senate and House Budget Committee Leaders on FY22 Funding Priorities

AAU President Barbara R. Snyder sent a letter urging Senate and House budget committee leaders to make bold investments in the health, security, prosperity, and future of our nation as they craft the FY22 budget.

Infrastructure and Innovation | Letters | Student Aid | Student Aid Tax Issues | COVID-19 | FY22 | Higher Education Legislation | Innovation and Competitiveness | Taxation & Finance

AAU, Associations Express Support for the Tax-Free Pell Grant Act

AAU, AACC, and 21 other higher education associations and organizations sent a letter to Sen. Sheldon Whitehouse (D-RI) expressing enthusiastic support for the Tax-Free Pell Grant Act.
Letters | Student Aid Tax Issues | Higher Education Legislation

AAU, ACE, Other Associations Send Letter on Higher Education Tax Proposals

AAU, ACE, and 32 other associations sent a letter urging the House Ways and Means Committee and the Senate Finance Committee to include higher education tax proposals in any legislation that incorporates the American Jobs and American Families plans.
Letters | Student Aid Tax Issues | Endowments and Charitable Giving | Higher Education Legislation

AAU, Associations Urge Treasury Department Not to Tax Student Grant Aid

AAU joined NACUBO and six other associations on a letter to the Treasury Department to ensure that emergency grant aid for students included in the CARES Act is not treated as taxable income or traditional educational grant aid.
Letters | Student Aid Tax Issues | COVID-19 | Taxation & Finance

Higher Ed Tax Proposals: COVID-19 Relief Package

Collected tax-policy proposals from the higher education community in response to the COVID-19 outbreak.
Student Aid Tax Issues | COVID-19 | Memo | Taxation & Finance

AAU, Associations Urge Congress to Fix “Kiddie,” Parking, Endowment Taxes

AAU joined 17 other higher education organizations on a letter to House Ways and Means and Senate Finance Committee leaders to pass legislation to address issues in the 2017 Tax Cuts and Jobs Act, including the “kiddie,” parking, and endowment taxes, and to extend the above-the-line deduction for qualified tuition and related expenses.
Letters | Student Aid Tax Issues | Nonprofit Tax Compliance | Taxation & Finance