Columbia University’s large population of international students has helped the school avoid paying a tax on its roughly $15 billion endowment. Now, that’s poised to change as President Donald Trump and other Republicans ratchet up
The 1.4% excise tax on endowments, passed in 2017 during the first Trump administration, affects private universities with endowments of $500,000 per full-time student. Columbia, with roughly 36,000 students has stayed below the threshold, thanks in large part to its estimated 14,000 international pupils.
The
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