August 27, 2008
Sen. Grassley to Lead a Discussion on Endowment Spending and College Costs
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