NewsWPLG Local 10 – PoliticsSeptember 3, 2026Miami-Dade
Trump administration proposes stripping tax-exempt status from private colleges with race-based DEI programs
The Treasury Department has proposed a new regulation that would revoke the tax-exempt status of private schools and colleges that provide targeted assistance to students based on race. If finalized, the rule would take effect after May 2027 and applies to programs involving admissions, scholarships, and facilities that the administration deems discriminatory.
Read the full story at WPLG Local 10 – PoliticsWhy It Matters
Up to 18,000 private educational institutions could lose their , potentially forcing significant cuts to financial aid and research programs if they maintain current diversity, equity, and inclusion policies.
Key Facts
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Who's Mentioned
personScott Bessent“Announced the proposed regulation.”personFrank J. Bisignano“Stated that schools engaging in racial discrimination should expect to lose tax-”organizationTreasury Department“Proposed the new regulation.”personTim Powers“Highlighted compliance burdens and legal uncertainties.”personMike Gavin“Criticized the proposal as an attack on access to higher education.”organizationHarvard University“Previously threatened with the loss of tax-exempt status.”organizationIRS“Estimated that 18,000 institutions could be affected.”personMarjorie Hass“Noted the potential impact on scholarship donations.”organizationBob Jones University“Historical precedent for losing tax-exempt status in the 1970s.”personDonald Trump“Advocating for the removal of DEI policies in education.”