Leave Endowments Alone

Universities with endowments worth hundreds of millions of dollars, even billions, are sitting on them rather than using them to reduce tuitions, say some influential members of the U.S. Senate. They are threatening to force the colleges with the largest funds — perhaps the top 100 or so from the more than 4,000 two- and four-year institutions — to pay out 5% a year. The typical college now spends about 4% for various purposes.

Full-text article via USA Today, 3.27.08.