Texas college leaders worry about impact of federal tax overhaul

The proposed federal tax overhaul could affect large university endowments and graduate student tuition costs, leaving higher education groups worried about the potential impact on student costs and university finances. The measures in both houses of Congress would tax large private university endowments, including those of Rice University and Trinity University in San Antonio. The House plan would also impose a tax on student tuition waivers, potentially burdening graduate students with high fees. The Senate plan does not include those provisions.