Higher Education Associations Call for Withdrawal of IRS Tax-Exempt Status Proposal

Over 40 higher education groups, led by the American Council on Education (ACE), are urging the IRS to retract a Trump administration proposal. This rule could revoke the tax-exempt status of up to 18,000 private, nonprofit colleges and universities due to alleged racial discrimination in admissions and programs. The groups argue this proposal poses a significant threat to the financial stability and operations of these institutions.