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flag New tax on wealthy colleges' endowments could limit access for lower-income students starting 2026.

flag The US government has increased taxes on university endowments, causing financial strain for wealthy colleges like Harvard and Yale. flag The tax, signed into law by President Trump, will charge 8% on schools with over $2 million in assets per student, starting in 2026. flag This could lead to hiring freezes and reduced financial aid, potentially limiting access to elite institutions for lower-income students.

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