March 14, 2008

Should Colleges Be Required to Spend More From Their Endowments?

As tuitions continue to rise, Congress is looking for ways to mitigate the costs of college attendance for students and their families. Legislators are giving particular scrutiny to how colleges spend money from their endowments, which have grown significantly over the past decade. Some lawmakers have proposed, for example, that institutions with endowments of $500-million or more spend at least 5 percent of that money each year, the same percentage that nonprofit foundations are required to

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