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In order to fund the new endowment, a new scholarship plan was developed, allowing a family to purchase tuition for 1 son for $50, tuition for all of the family sons for $100, and a perpetual and inheritable scholarship for $200. [31] The measure, which passed the board by a vote of 12 to 4, was able to raise the $60,000 quickly. [31]
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In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
Julian Robertson was chair of this board and was involved in the program's administration until his death in August 2022. [ 3 ] The program covers four years of undergraduate tuition, mandatory fees, room and board, and provides recipients full funding for three summer experiences. [ 4 ]
Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt ...
In 1997, Weiss donated WBBQ and WZNY to the Medical College of Georgia shortly before he died due to cancer. MCG, in turn, sold the stations to Cumulus Broadcasting for $14 million. The money was used to establish the Weiss Endowment for Research for cancer research. [5] Cumulus sold WBBQ in 2000 to Clear Channel Communications (now known as ...
In the WalletHub survey, 52% of shoppers said they plan to apply for a new card for holiday shopping. A holiday survey by Debt.com found that 66% of holiday shoppers plan to take on debt.
There's an egg shortage that has lead to empty shelves in several U.S. states. According to experts, bird flu is by far the biggest factor affecting egg prices right now.