The US Treasury Department is considering amending regulations to remove tax exemptions from colleges and universities that take racial factors into account in student admissions, scholarships, and other aspects. The move could jeopardize the financial stability of many institutions. According to people familiar with the matter, according to the proposed regulations, private non-profit colleges and universities will no longer enjoy tax exemption status if they give preferential treatment to specific ethnic groups in financial aid, loans, facility use, or other programs. Among those familiar with the matter was a staff member of the Tax Policy Office of the Ministry of Finance.

The US Treasury Department is considering amending regulations to remove tax exemptions from colleges and universities that take racial factors into account in student admissions, scholarships, and other aspects. The move could jeopardize the financial stability of many institutions. According to people familiar with the matter, according to the proposed regulations, private non-profit colleges and universities will no longer enjoy tax exempt status if they give preferential treatment to specific ethnic groups in financial aid, loans, facility use, or other programs. Among those familiar with the matter was a staff member of the Tax Policy Office of the Ministry of Finance.