Scholarships have been a useful tool for students to help them with their education, this leaves a positive impact on students to give them a boost on their learning with accessing classes or getting supplies. Another positive impact is that most scholarships are free and accessible to everyone with no strings attached. However, that is all about to change, as topics regarding possibly taxing scholarships have been spreading concern within students.
There has been a lot of adjustments with the new presidency that started on Jan. 20. A topic of interest that the Republican Party takes notice in is education, one being the proposal of possibly taxing scholarships. Before this proposal, scholarships would only be taxed if a student uses it outside of educational purposes, as claimed by the IRS under Topic no. 421.
Cut to present, in 2025 with the Republican Party wanting to raise taxes on scholarships, causing much disagreement to students and everyone alike, as it is still a struggle to make ends meet as prices for eggs have gone up within past years, not to mention education already being expensive if one does not have some branch of educational financial support. Juan Rojas Jr., a student at the University of Texas at Dallas, said, “Taxing a scholarship would undermine it and be detrimental to the student who would need financial assistance.”
Education in America has always been on the rocks, as there have been other proposals made by the Republican Party about education, such as ones to put an end to student loan forgiveness.
This is a proposal, meaning it’s just an idea the party has. It hasn’t been fully set into motion, but there is a lot of anticipation regarding people’s education. This is a very serious discussion to have. This can spark talks about class and the fate of the American education itself since this will affect everyone with scholarships. “To be honest… taxing scholarships from people who got into the school they wanted… if they are giving us something that we earned from our hard work it shouldn’t be taxed,” Brookhaven student AlexisRae Martinez said.
Taxing scholarships are going to make education more of a suggestion than it already is. School is important – we can agree on that at least – so having to tax and raise prices on education makes it nearly impossible to continue an education.
Raising prices and giving less money to the people that are going to school for the better of building this nation makes you wonder, “Do I even want to continue school anymore?” We sadly live in a world where as much as we strive and learn for the good of our own lives and communities, it’s no longer a journey where we win in the end. It’s a fight of constantly pulling through just to make ends meet; are we ever going to be satisfied with the end? If this proposal were to go into effect, it could harm thousands of students as we know it.
