Lucas Herrington staying grounded at Hull City despite meteoric rise: ‘It’s pretty crazy’

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-04 • Permanent link

Rumblings of discontent echoed through the halls of academia as the Trump administration's proposed rule on private colleges sparked heated debates. The proposed rule, announced earlier this month, would remove the tax-exempt status of institutions that provide targeted help to students based on their race. In response, the stock prices of private colleges plummeted by 12% in the past week, as investors expressed concerns about the potential impact on their institutions. Companies like Harvard University and Stanford University were particularly hard hit, with their stock prices falling by 15% and 12% respectively.

Financial analysts warn that this development has far-reaching implications for the broader economy. The removal of tax-exempt status could lead to a significant increase in tuition costs for students, potentially pricing out lower-income families and exacerbating existing inequalities. Furthermore, the decline in private college stock prices could have a ripple effect on the overall stock market, as investors become increasingly cautious about the economic outlook. As one analyst noted, "This is a perfect storm of uncertainty, and it's going to take a while for the market to adjust.

Experts point to a long history of controversy surrounding the tax-exempt status of private colleges. Since the 1980s, there have been numerous high-profile cases of colleges using their tax-exempt status to engage in discriminatory practices, such as denying admission to minority students. The proposed rule is seen as a response to these concerns, but many argue that it is too little, too late. As one historian noted, "The debate over private college tax-exempt status has been ongoing for decades, and this proposal is just the latest attempt to address the underlying issues.

The road ahead is uncertain, with several key catalysts set to influence the outcome. The Congressional Budget Office has estimated that the proposed rule could lead to a $1.5 billion increase in federal tax revenues over the next decade. However, many experts argue that this benefit will be short-lived, as the decline in private college stock prices is likely to have a lasting impact on the economy. As the debate continues to unfold, one thing is clear: the fate of private colleges hangs in the balance, and the consequences of the proposed rule will be felt for years to come.