Trumps New Tax Plan

Discussion in 'Current Events' started by Pscholes18, Dec 2, 2017.

  1. Dec 5, 2017
    #41

    senorgregster Last Newbie Standing

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    That's a real shame. Can't you hold until the final plan is voted on?
  2. Dec 5, 2017
    #42

    Il Prete Rosso Prete, the Italian Pete

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    I planned to sign up to complete another online masters program from a US college. I'd not be doing that anymore.
  3. Dec 5, 2017
    #43

    Fully Fledged Full Member

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    Because he spends all his money on drinking, women and movies.
  4. Dec 5, 2017
    #44

    Stanzin Lama Full Member

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    Sadly the deadlines are around mid- to end December. I am not entirely sure when the bill will pass, but in case it does in its current form, then colleges will take some time to sort things out. I can't afford that. And I can only ask so many recommendations from my current professors, so its kind of either or.
  5. Dec 5, 2017
    #45

    senorgregster Last Newbie Standing

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    Sorry to hear that. I would keep your options open as long as you can in case they see the light. One bill has it one doesn't, it could be removed.
  6. Dec 5, 2017
    #46

    berbatrick Full Member Scout

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    The app deadlines are Dec, but aren't the acceptance deadlines usually APril? The bill must be finalised by Dec 31. You could apply to fewer places (to save money)* and also save the number of reco requests.

    *You can write to each univ requesting exemption from the application fee. Give some reason why you can't pay it. Many will accept.
  7. Dec 6, 2017
    #47

    Stanzin Lama Full Member

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    https://www.forbes.com/sites/presto...nt-destroy-graduate-education/2/#5da50b72f756

    Any truth in this?
  8. Dec 6, 2017
    #48

    berbatrick Full Member Scout

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    Briefly:
    I think (If this loophole is true) pvt schools can use it easily. It may not be so easy for public schools, whose accounting (including "scholarships") has to be done with state govt approval (at least broadly). I tink you should email the schools in your list, even link the article, if you want a specific answer. Some admissions office people are very helpful.
    I'm also a little mystified about what happens to TAships based on this...All universities in the US run on graduate students as TAs, they would completely stop without that.
  9. Dec 6, 2017
    #49

    Stanzin Lama Full Member

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    Yeah, lots of ifs and buts. I guess, we'll just have to wait and see to see how things will pan out. But eventually I don't think any major overhaul will take place. It seems to be too important and ingrained system to be overhauled in such short notice.
  10. Dec 6, 2017
    #50

    senorgregster Last Newbie Standing

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    I'd be surprised if a university gives details. They'll be very careful with what they say and likely throw the please seek advice from a tax advisor.
  11. Dec 6, 2017
    #51

    ArmandTamzarian Full Member

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    What the overlord giveth with one hand, he taketh away with the other...

    http://thehill.com/news-by-subject/...x-bill-wipes-us-out-destroys-thousands-of?amp

  12. Dec 15, 2017
    #52

    senorgregster Last Newbie Standing

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    @Stanzin Lama it looks like the new plan will pass and I believe the tuition waiver will not be taxed. Is it too late?
  13. Dec 16, 2017
    #53

    Stanzin Lama Full Member

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    It's not mate. I decided to go ahead and apply anyway. 2 done and 2 to go.
  14. Dec 16, 2017
    #54

    berbatrick Full Member Scout

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    :)
  15. Dec 16, 2017
    #55

    senorgregster Last Newbie Standing

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    Great. Best of luck!
  16. Dec 16, 2017
    #56

    Raoul Admin Staff

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