October 19, 2007
College Groups Discourage Forced Endowment Payouts
In testimony submitted to the Senate Finance Committee last week, four major higher-education associations said that the Senate had been given "an incomplete and disingenuous picture" of endowments and student aid at a hearing held last month, and that Congress should reject calls that it require endowment payouts.
Two witnesses at last month's hearing — Lynne Munson, an adjunct fellow at the Center for College Affordability and Productivity, and Jane G. Gravelle, an
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