Congress & the Myth of Big Endowments
BY BRIAN C. MITCHELL On September 13, a House subcommittee holds a hearing that, according to Janet Lorin in Bloomberg , “is set to look at how colleges, through their tax exempt endowments, are trying to reduce tuition.” The subcommittee hearing features testimony from policy experts and college officials. It’s an interesting time to examine college endowments. As Ms.…