College endowment tax is leading to hiring freezes and could mean cuts in financial aid
Headline from KOB 4
An increase in the tax on university endowments is creating financial challenges for the wealthiest U.S. colleges. Some, such as Yale and Stanford, have already laid off staff or implemented hiring freezes. The tax was signed into law by President Donald Trump and takes effect in 2026.
KOB 4's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
An increase in the tax on university endowments is creating financial challenges for the wealthiest U.S. colleges. Some, such as Yale and Stanford, have already laid off staff or implemented hiring freezes. The tax was signed into law by President Donald Trump and takes effect in 2026.