President Donald Trump’s tax and spending legislative package is expected to have sweeping impacts on higher education.

Colleges will soon have to fork over millions of dollars as Trump’s bill extends a tax on their endowments - Universities use ...

The bill might raise the endowment tax for Duke from 1.4% to 7%, and it could raise the tax by nearly 20 percentage points for other institutions. College administrators — including Duke’s ...

Duke University and Davidson College officials are waiting to see if they get hit with a 7% tax on their endowments after a proposal in the House reconciliation bill.

Duke's endowment is about $12 billion and is currently taxed at a 1.4% rate, but the federal government wants to hike up that rate in its new spending bill? "The tax is on the gain of the endowment.