washington republican tax plan unveil thursday stir anger u.s. universities say proposals tax endowments private institutions repeal deduction student-loan interest payments would hurt institutions students bill republican-led house representatives would increase students cost attend college 65 billion 2018 2027 accord analysis american council education ace lead lobby group high education plan would discourage participation postsecondary education make college expensive enroll undermine financial stability public private two-year four-year colleges universities ace president ted mitchell say house speaker paul ryan powerful republican congress tell news conference tax plan would allow typical family four save around 1,182 year could go toward college save plan would establish 1.4 percent tax earn large private-school endowments would also scrap deduction interest pay student loan congressional analysts say would increase federal revenues 47.5 billion 10 years small tuition-related tax break also end president donald trump fellow republicans lock horn colleges universities say force liberal value students private college endowments total 350 billion accord national association college university business officer nacubo tax would apply endowments least 100,000 assets student enrol since universities must balance budget may raise tuition cut program financial aid order cover new tax say nacubo federal affairs director liz clark princeton university use earn 22 billion endowment provide aid 60 percent students pay academic program facilities research say bob durkee vice president secretary new jersey school families incomes 160,000 pay tuition say incomes less 56,000 also forgo pay room board end interest deduction would hurt people ability afford education say justin draeger president national association student financial aid administrators us one thing talk whether fund effective use government money help people afford college say another use offset unclear tax overhaul republican tax plan would deal financial hit u.s. universities