Higher Education Accountability Tax Act

This bill raises the tax that certain private colleges and universities have to pay on the money their endowments earn from investments. Right now, qualifying schools pay a 1.4% tax, but the bill would increase that to 10%, or to 20% if the school raised tuition faster than inflation over the previous three years. The bill also makes more schools subject to this tax by lowering the minimum endowment size from $500,000 per student to $250,000 per student.

Your Vote