Joyce: Private Colleges, Universities Must Pay Higher Taxes on Investment Incomes

U.S. Rep. Dave Joyce (R-OH) on Feb. 5 sponsored legislation that would force private colleges and universities to commit a larger share of their endowment spending to financial aid for students.

“Institutions are making record profits and exacerbating the student debt crisis with rising tuition costs,” Rep. Joyce said. “Instead of pushing students to take out more loans in response to inflation and rising tuition costs, we should look to the elite universities that are profiting off their students rather than working to make education more affordable.”