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Valparaiso University (Valpo) is a private university in Valparaiso, Indiana, United States. It is an independent Lutheran university with five colleges. It enrolls nearly 2,300 students [ 3 ] and has a 350-acre (140 ha) campus.
The total cost of attendance (indicating the cost of tuition, fees, and living expenses) at Valparaiso for the 2014-2015 academic year was $53,862. [28] The Law School Transparency estimated debt-financed cost of attendance for three years was $196,217. [29] Valparaiso engaged in the practice of offering new students conditional scholarships.
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.
Tuition and fees do not include the cost of housing and food. For most students in the US, the cost of living away from home, whether in a dorm room or by renting an apartment, would exceed the cost of tuition and fees. [7] [9] In the 2023–2024 school year, living on campus (room and board) usually cost about $12,000 to $15,000 per student. [7]
Tuition payments, usually known as tuition in American English [1] and as tuition fees in Commonwealth English, [citation needed] are fees charged by education institutions for instruction or other services. Besides public spending (by governments and other public bodies), private spending via tuition payments are the largest revenue sources ...
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When properly filled out, the Form W-4 will withhold approximately the correct amount of tax to eliminate a refund or amount owed, assuming the W-4 was filled out at the beginning of the tax year. [13] A U.S. federal law signed in 1996 contained a provision that required the federal government to make electronic payments by 1999.
To cut costs, the university shut down its law school in 2020 and no longer offers degrees in secondary education and French. By selling the paintings, Valparaiso will raise more than the projected $8–10 million needed to build new student housing, [ 2 ] with the O'Keeffe painting alone worth $10–15 million.
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