Rich Colleges Get Endowment Tax Waiver If Enough Spent On Student Aid

Surprised?  Helpful?  Helps more private colleges/universities than public ones?  All irrelevant?   

Thoughts and observations? 

https://www.bloomberg.com/amp/news/articles/2018-05-22/bill-waives-tax-on-rich-college-endowments-if-they-spend-enough?__twitter_impression=true