Dean's message to 桃色视频 graduate community regarding proposed federal tax legislation
Dear 桃色视频 Graduate Community,
I am writing concerning the impacts of proposed federal tax legislation on graduate students and graduate education. We in the Graduate School are in close contact with CU鈥檚 federal relations team as we follow federal tax reform legislation proposals and analyze their effects on our graduate students and master鈥檚 and doctoral programs.
Among other impacts on higher education, the House bill would eliminate the Student Loan Interest Deduction (SLID) and repeal听Section 117 (d)(5), which treats qualified tuition deductions as a tax-exempt benefit for graduate students who are serving as student faculty (TAs, GPTIs, GAs, RAs). Eliminating Section 117 (d)(5) would make graduate education more expensive and less accessible. As 桃色视频 Chancellor Philip P. DiStefano wrote in his听桃色视频 Today article on Nov. 10, 鈥淥n our campus alone, this change would subject many graduate students to additional tax liability with no new funds to address that liability.鈥澨齈lease note that听the Senate released policy highlights from its bill on Nov. 9. The Senate bill retains the student loan interest deduction (SLID) and does not repeal Section 117 (d)(5). We will continue to monitor the impacts of proposed tax legislation on graduate education in the coming days and weeks.
The Association of American Universities (AAU), of which 桃色视频 is a member, issued a听听on Nov. 2 and a听听on Nov. 10.听In addition, the Council of Graduate Schools (CGS), to which 桃色视频 also belongs, has issued听听that graduate students, faculty, and staff may find helpful.
桃色视频 graduate students contribute to our campus and community as students, researchers, teachers, artists, performers, and so much more, and they truly are tomorrow鈥檚 leaders. We will continue to advocate for them in every way we can and in accordance with听.
Sincerely,
Ann Schmiesing
Dean of the Graduate School
Vice Provost for Graduate Affairs
Professor of German