Universities Don鈥檛 Need Any More Money?

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Here鈥檚 the ironic part. Whenever tuition prices climb, we don鈥檛 get angry at the ones actually jacking them up. Politicians don鈥檛 probe college presidents over college affordability. Instead, they just whip out Uncle Sam鈥檚 (our) checkbook. What assurances have we been given by the new Congress that increasing aid this time around will do what鈥檚 been long promised and lower cost? You鈥檇 think from the Left鈥檚 rhetoric that there鈥檚 a direct relationship between more aid and lower prices. Not so. Every time aid increases, tuition increases. The College Board鈥攚hich tracks all these figures鈥?reports that since Congress ratified the Higher Education Act in 1965, tuition has escalated 44 percent.

It鈥檚 not like colleges and universities are short on cash, either. The endowments of the nation鈥檚 top 50 schools all tower above one billion dollars and sport return on investments (ROI) that would make Morgan Stanley jealous. The big players, reports The Chronicle of Higher Education, contain gigantic investment accounts. Harvard鈥檚 endowment is more than $25 billion with a 19.2 percent ROI. Yale鈥檚 $15 billion endowment raises the bar with its 22.3 percent ROI, and Princeton scrapes by with an $11 billion endowment backed by a 17 percent ROI. Harvard鈥檚 endowment, in fact, is bigger than the gross domestic product of some Latin American countries.

The nation鈥檚 top 50 colleges and universities are not the only ones sitting on huge investment portfolios. Two hundred and twenty-seven colleges and universities have endowments ranging from $100 million to $900 million. And an additional 141 have endowments that surpass $50 million.

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Universities Don鈥檛 Need Any More Money?

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