November 20, 2008
Shrinking Endowments Offer Smaller Target for Lawmakers Seeking Mandatory Payout
Washington
If there’s a silver lining in the dark cloud hanging over campus budgets, it may be this: Colleges’ investment losses could ease Congress’s demands for mandatory endowment payouts, at least in the short term.
In part that’s because colleges tend to spend greater portions of their assets when endowments dip, even if overall spending declines. It’s also because mandatory payouts would generate less money for student aid in the current downturn than they would have when
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