“Colleges Bring in More Money, But Tuition Isn’t Going Down: Senators question why cost of education is still increasing”

Justin Pope:

Colleges and universities raked in money by the billions last year. But their investing success now has a price -- a movement in Congress to force the wealthiest schools to spend more of their money to keep down tuition.

In recent weeks, a string of colleges and universities have announced enviable investment results. Leading the way was Yale, which earned 28 percent over the year ending June 30, increasing the school's endowment to $22.5 billion overall.

Harvard, the world's wealthiest university with $34.9 billion, beat the market again with a 23 percent return. There also were good returns for smaller schools such as Bowdoin (24.4 percent) and William & Mary (19.2 percent).

Posted by Jim Zellmer at October 24, 2007 12:00 AM
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