Dear students, please review below message
Have a great day!
Dr. Qi Sun
Associate Professor
Program Coordinator
Co-Editor, Adult Education Quarterly (AEQ) (SSCI)
Http://aeq.sagepub.com/
Department of Educational Psychology & Counseling
College of Education, Health, and Human Sciences
519 Bailey Education Complex
Knoxville, TN 37996-3452
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865-974-5403
Dear Students
Below is a message from the Graduate Student Senate. I’ve also included some additional links with more information. If these reforms concern you I encourage you to make your voices heard.
Jennifer
As you may already be aware, the higher education community is expressly affected by the proposed tax reform bill – Tax Cuts and
Jobs Act. We, as members of the National Association of Graduate-Professional Students (NAGPS) and representatives of graduate students at the University of Tennessee, are writing to share our views and concerns with you about this proposed bill, and hope
for your support in opposing the provisions that impact members of the higher education community.
The Tax Cuts and Jobs Act has many provisions that not only adversely impact universities, but graduate students specifically.
These provisions are:
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Repealing of provisions from Tax Reform Bill of 2014:
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117(d)
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127
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Student Loan Interest Deduction
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The Hope Scholarship Credit & Lifetime Learning Credit
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117(d)
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Altering the American Opportunity Tax Credit to eliminate tax benefits for part-time students, graduate students and non-traditional students (taking more than five years to graduate)
Currently, the Sec. 117(d) allows institutions to provide tax-free undergraduate-level tuition waiver or reimbursements to employees,
spouses and dependents. It also allows tax-free tuition of individuals employed as graduate-level teaching and research assistants. The proposed tax policy would lead to the elimination of tax-free nature of tuition remissions. Given the average stipend of
a graduate or professional student, the proposed policy will lead to a situation where students can barely survive on their stipends. This will also make it difficult for universities to recruit graduate-professional students. Ultimately, this hinders the
progress of research and innovation at these institutes of higher learning.
Sec. 127 allows an employee to exclude from income up to $5,250 per year in assistance for any type of educational course work
at the undergraduate and graduate level. Repealing of this provision will limit the educational and professional growth of current employees that makes them competitive in this global economy.
The impact of the Tax Cuts and Jobs Act will be felt by universities and graduate students on many levels. Ultimately, we ask
for your support for the continued improvement of the American higher education system that the University of Tennessee is a proud and robust member of. We ask that you keep graduate students in mind with your legislative and advocacy efforts and oppose these
provisions.
https://www.wired.com/story/grad-students-are-freaking-out-about-the-gops-tax-plan-they-should-be/
https://gss.utk.edu/tax-cuts-and-jobs-act/
http://www.1031taxreform.com/write-congress/
Jennifer Ann Morrow, Ph.D.
Associate Professor of Evaluation, Statistics, and Measurement
Graduate Council, Chair
University of Tennessee
Educational Psychology & Counseling Department
503 Jane and David Bailey Education Complex
Knoxville, TN 37996-3452
Phone: (865) 974-6117
Fax: (865) 974-0135
ESM Program Website:
http://epc.utk.edu/evaluation-statistics-measurement/
Twitter:
https://twitter.com/evaluationdiva
Slideshare:
www.slideshare.net/jamorrow