Pressure to Spend More on Poor Students

By Stephen Downes - Stephen's Web. Pressure to Spend More on Poor Students
Rick Seltzer, Inside Higher Ed, 2016/08/04
What this article shows most clearly is that there is no end to the reasons the rich can give to justify keeping their wealth to themselves. In this case, the proposal is that universities with large endowments could top their spending from endowment funds to reach the  5 percent minimum spending benchmark required of private nonprofit foundations. This money could add hundreds of millions of dollars of assistance to poor students. But, ah, no. More...