AAU universities are nonprofit, tax-exempt organizations working to improving human life and well-being through research, and are educating tomorrow’s visionary leaders and global citizens.
AAU members primarily finance their operations through state funding, annual charitable giving, endowment income, tuition, and federal research grants and contracts.
Research universities require complex management and financial systems to run their operations and to ensure compliance with federal, state, and local laws and regulations. At the same time, federal tax law can have a significant impact on these universities. AAU monitors federal issues that affect the ability of universities to carry out their missions.
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The Association of American Universities and other associations urged the Senate Finance Committee to include provisions in any upcoming tax reform package that help students save and pay for higher education, and manage their student loan debt.
The Coalition to Preserve Employer-Provided Education Assistance, of which AAU is a member, asked the Senate Finance Committee to maintain and strengthen IRC Section 127, employer-provided education assistance, in any upcoming tax reform package.