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flag New bill under Trump raises tax on elite university endowments, potentially impacting financial aid.

flag A new Republican spending bill passed under President Trump imposes a tax increase on elite universities' endowments, raising the rate from 1.4% to up to 21%. flag The tax only considers domestic students, potentially hitting schools with many international students harder. flag Critics argue this could reduce financial aid and resources for lower-income students, while supporters claim it curbs left-wing extremism in academia.

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