Senators' Letter Grills 136 Wealthy Colleges About Endowment-Spending and Financial-Aid Policies

Two powerful senators cranked up the heat on wealthy colleges on Thursday, sending a detailed letter to 136 institutions requesting information about their endowment spending, financial-aid policies, and tuition increases over the past decade.

The move by Sen. Max S. Baucus, Democrat of Montana, and Sen. Charles E. Grassley, Republican of Iowa, followed the release earlier Thursday of an annual report showing that in the 2007 fiscal year, which ended last summer, college

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