President Raynard S. Kington was interviewed by the Center for Responsive Politics about how the proposed 1.4 percent excise tax on the endowment of private colleges and universities.
“Over 85 percent of our students receive some form of financial aid. So if you look at the demographics of our students compared to our peers, we have a lower percentage of students paying the full ride,” he said. “This means that other schools have millions of dollars in revenue that we don’t have.”
Read the full article, "Endowment tax affecting Republican districts with GOP support."