Wealth inequality among universities enables the rich to get richer. The design of college endowments limits the extent to which they can be used to reduce tuition for everyone.
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03/27/24 • 21 min
Charging U - 11. Why Not Use the Endowment To Pay For Everything?
Transcript
Why Not Use the Endowment to Pay for Everything?
Why do some colleges attract more donations than others and why don’t they use the endowment to reduce tuition for everyone? We will answer these questions on today’s episode. I am Larry Bernstein and welcome to Charging U.
“I noted that just in proportion as the usefulness of the school grew, his donations increased.” That was from the LibriVox recording of Up From Slavery by Booker T. Washington read by Mark Nelson.
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