August 27, 2008
Sen. Grassley to Lead a Discussion on Endowment Spending and College Costs
Washington
The debate over how universities spend their endowments is returning to Capitol Hill. Sen. Charles E. Grassley and Rep. Peter Welch will hold a round table on September 8 in which higher-education officials and financial experts will discuss the relationship between endowments and college costs, as well as possible legislation that would require universities to spend 5 percent of their assets each year.
Mr. Grassley, the top Republican on the Senate Finance Committee, has
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