The House has narrowly passed a GOP tax bill that imposes a 21 percent tax on the endowments of elite colleges, which could have significant implications for financial aid and research funding. Schools like Grinnell College and Yale University have expressed concern about the potential financial burden this tax may create, particularly in light of ongoing funding challenges. As universities prepare for the possibility of increased taxes, many are considering new investment strategies to mitigate the impact. Student groups are mobilizing against the legislation, while lawmakers from Connecticut and other states advocate for its reconsideration. Critics argue that this tax proposal disproportionately affects colleges with more international students and that it could stifle financial aid efforts. Meanwhile, Republicans are accused of using the tax code as a tool for political gain against their opponents, complicating the narrative around higher education funding and its future.