Wednesday, August 17, 2016

Should rich colleges give more to poor students?

I think you'd agree that $500,000,000 is a lot of money. Interestingly, in 2013, 138 universities each (about 3.6% of all colleges and universities) had more than that in endowment assets. This amounted to about 75% of all postsecondary endowment wealth. Yet, nearly half of these institutions are in the bottom 5% nationally for their enrollment of first-time, full-time Pell Grant recipients. And, nearly 4 in 5 of these wealthy institutions have an annual net price for low-income students that exceeds 60 percent of their annual family income.

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