The Tax Cuts and Jobs Act passed by the U.S. House in November provides massive tax cuts for some while increasing college costs for students and families by $71 billion. The bill eliminates student loan interest deductions, abolishes Coverdell tax-preferred college savings accounts, and jettisons the Lifetime Learning tax credits. Furthermore, the bill requires workers to pay taxes on tuition assistance and remission benefits. These benefits are most valuable to entry-level workers, low-wage earners, and graduate students who must improve their skills and knowledge to move up the career ladder.
Johns Hopkins University student Ramya Prabhakar served last summer as an undergraduate intern in the United States Attorney's Office for the Southern District of New York. Prabhakar, a pre-law student with majors in international studies and political science, said this summer experience reinforced her career plans.
— This is Ramya’s story —
According to a recent report published by the Association of American Colleges and Universities and the National Center for Higher Education Management Systems, employers believe students need field-specific knowledge AND a broad range of skills to achieve long-term success. According to the survey, 80% of employers agree every college student should acquire broad knowledge in the liberal arts, and 74% recommend a liberal arts education.