Revised US endowment tax hits Ivy League universities, while smaller elite colleges remain unaffected

A new US law has significantly increased taxes on the endowment earnings of wealthy universities, particularly impacting larger institutions with over $2 million per student. However, a last-minute amendment exempts smaller elite colleges with fewer than 3,000 students, regardless of their endowment size. This shift, influenced by political maneuvering, creates winners and losers in higher education funding.

Education