In Iowa, 2 Colleges Separated by 150 Miles and $1.37-Billion

Grinnell, now the nation's richest liberal-arts colleges, tries to use its wealth to benefit its students

By GOLDIE BLUMENSTYK

Grinnell, Iowa

In its 160-year history, Grinnell College has been rich and it has been strapped. As the many generously paid professors and well-subsidized students here today...