A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes.

A recent amendment to the Senate Republicans’ domestic policy megabill could see small colleges and universities across the U.S. excused from paying an endowment tax, Politico reported Saturday.

Nearly 40 small schools will no longer have their endowments taxed thanks to a 2025 law. Some are using the savings to boost financial aid.

A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes.

A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes.

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