Jillian Berman
speaker
159 appearances
3 recordings
1 series
first heard Sep 2017
last heard Sep 2024
Jillian Berman’s voice in public audio — every appearance, attributed to the second.
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So during the Trump administration, he took a few steps to try to deal with college costs.
Probably the most famous is the endowment tax that came as part of the 2017 tax law that he pushed.
And so that placed a small tax on endowments at wealthy schools.
It didn't have a huge immediate impact on college costs just because
You know, it really only hit the wealthiest schools.
Those schools tend to provide a lot of financial aid.
But people on both sides of the aisle have suggested that sort of taxing endowments more heavily could be one way to push schools to spend their endowments in a way that helps make school more affordable for students.
A couple of other things the Trump administration did was they walked back some tax
sort of regulations that the Obama administration had put in regarding for-profit colleges.
Critics of that would say that would put the students and borrowers at risk of paying more in college costs, but that was the step they took in the area.
They also walked back student debt relief for scammed students.
That was kind of a noteworthy step they took.
So one of the biggest steps they tried to take on this issue was knocked down, which was they tried to create a free community college program through Build Back Better, which was the Biden administration's COVID recovery plan.
The free community college plan was one of the first things
things sort of dropped as negotiations over the plan took shape.
That is something that Democrats have said again that they would like to do.
We'll see if that's something that would come in a Harris administration, but it failed the first time around.
They've also taken steps to boost Pell Grants, which is the money that the government sends to low-income students to pay for college.
So they've boosted that over their tenure.
They've also invested a lot in
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