The GOP tax bill could be a disaster for PhD students

Add graduate students to the list of potential “losers” in the House Republicans’ tax overhaul plan. The bill, in its current form, eliminates or consolidates tax credits used by both graduate and undergraduate students — but those pursuing master’s degrees and PhDs will get hit the hardest by the proposed changes… Approximately 145,000 graduate students could be affected by this change, about 60 percent of them from STEM (science, technology, engineering, and math) fields, according a 2011 to 2012 survey by the Department of Education, the most recent data available… experts suggest students could owe around an additional $2,000 per year or more…

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by Jen Kirby, Vox News.

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