In the News

Higher Ed Watch.Org in The Washington Post | 'College Discount'

January 20, 2008

Elite Ivy League students can expect a break on tuition. What about everybody else? (editorial, The Washington Post)

No doubt places such as Yale, with an endowment of $22.5 billion, and Harvard, with an endowment of $35 billion, have the ability to do more to help families with the cost of education. Harvard's endowment grew by $6 billion last year alone, and its new policy will cost $22 million. That, as the New America Foundation pointed out in its higher-education blog, is about one-third of 1 percent of the growth in the endowment. The group noted that Congress just spent $6 billion to cut in half interest rates for undergraduate loans over the next five years -- nationwide.



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