Pete Sessions

Grad tuition waiver tax dead, student loan interest deduction saved in final GOP bill

Grad tuition waiver tax dead, student loan interest deduction saved in final GOP bill

Senate and House Republican leaders have agreed to abandon many of the controversial proposals that higher education leaders and students had rallied to thwart, according to congressional aides. Under the agreement, tuition waivers received by graduate students remain tax-free, students can still deduct loan interest payments and bonds that colleges use for construction stay interest-free.

Details of the final legislation are still forthcoming, but aides with knowledge of the negotiations who were not authorized to speak publicly say lawmakers have responded to the outcry from students.

Thousands of graduate students have staged walkouts in protest over the GOP tax plan, while...

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