February 15, 2008
Elite Colleges Must Stop Spurning Critiques of Higher Education
Lawmakers have been putting increasing pressure on private colleges to spend more of their endowments on student aid. Just a few weeks ago, members of the U.S. Senate Finance Committee sent letters to dozens of institutions with endowments of at least $500-million, demanding detailed information about how they manage those endowments, how much they charge students to attend, and how much financial assistance they provide. One also hears rumblings about taxing endowments or imposing price caps
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