A Small College With a Big Endowment Gets Snared in Tax Bill - Adam Harris, Chronicle of Higher Ed

After the House votes, Kentucky’s Berea College would be among the institutions subject to the tax. Under the joint committee version of the tax bill, private universities with more than 500 tuition-paying students and $500,000 in endowment per student would be subject to a 1.4-percent tax on their endowment earnings. Additionally, more than 50 percent of the tuition-paying students would have to be located in the United States for the tax to apply. https://www.chronicle.com/article/A-Small-College-With-a-Big/242094