Thursday, Jul 19 2018 | Updated at 08:57 PM EDT

Stay Connected With Us F T R

Oct 04, 2016 07:40 AM EDT

Due to the high demands for cost in the higher education, the House Ways and Means Committee conducted hearings in September 2016 and the results pointed to college endowments as academic aid. Academic experts instead, diverted the attention to available government budget allocations since these endowments are the best universities have so that relying on them would only add burden to the universities and therefore raise tuition costs, rather than lower them.

During the hearing that took place in the last weeks of September 2016, hearing Rep. Peter Roskam (R-III), chairman of the Ways and Means Committee raised the potential of the tax code to gather donations from investors and eventually got half of the response the representatives. He further added that it was possible, could the committee raise donations for scholarships in most universities using the tax code, Huffington Post reported.

Watch video

Right after the first hearing session that day, the figures were drawn on the table and the committee immediately tasted the backlash of involving supped-out donations from university. One major consequence stood out- higher tuition cost. By all means, the college endowment packages ought to be left alone.

Alongside the discussions that transpire in the hearing, the bill H.R. 5719 for employees was also approved by voice note. As economic analysts would put it, such bill and other legislation forms, if strengthened to its fullest, can ultimately help the higher education plans.

The employment concerns are not that much far-fetched from the academic concerns. The endowments, the analysts added, is only a small manifestation from a university's academic success. In turn, it is the best a university has got. Therefore, it should be left alone and untied from the tax code Rep. Roskam has been making fuss about, Morning Consult stated.

But the big question yet remains: how do donations really increase scholarship tuition rates? Global investment is indeed the most plausible solution. However, having to involve the use of tax codes is an entirely different story.

What if tax codes are constantly tapped into? Simple. The tuition costs rate required per college shall also dramatically rise. Thus, the bottom-line is a very high tuition cost at the helm of the higher education stabilization.

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows policies, academic news, academics news, university, university news, universities, higher education, education news
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Controlling Robots With Brainwaves And Hand Gestures

Jun 23, 2018 AM EDTWhat if you can control robots with a simple flick of a finger? A team of experts is trying to make that a reality through this latest experiment.

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.