The higher-education wealth gap is growing—not just between those who do or don’t have college degrees but among colleges themselves.
The coffers of the nation’s 40 wealthiest universities, including Harvard University, Stanford University and the University of Michigan, are filling at a faster rate than those of other schools, thanks to particularly strong investment performances and generous donors, according to a report to be published Thursday by Moody’s Investors Service.
“It’s really a tale of two college towns, if you will, or cities,” said Karen Kedem, vice president and senior credit officer at Moody’s. “Looking ahead, the expectation is that this [gap] will only widen.”