College Endowments: Rich Get Richer
January 25th, 2008 by WTJNew figures on university endowments confirm it’s not just the “haves” and “have nots” in academe these days. Beyond the great majority of colleges, there’s a growing group of the newly rich schools, and — at the top of the heap — a tiny cadre of ultra-wealthy institutions.
The latest endowment figures from NACUBO, a college business officers’ group, highlight the growing prosperity but also the stratification among elite universities. That development is creating tension.
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