Several colleges have multibillion-dollar endowments. Why can't they dip into them to cover the costs of services students are paying for but can't use during the pandemic?
As college students negotiate increased fees for often restricted experiences, some are asking why schools aren’t stepping in to cover the costsMany students who are being asked to cover fees for services they won’t be able to use during the pandemic are confused as to why their universities can’t use some of their
endowments to cover the costs in the short term. WSJ Noted asked Liz Clark, vice president of policy and research at the National Association of College and University Business Officers, to explain.Endowment funds are similar, but not identical, to retirement funds, Clark says. They are pools of money, built over time, that are...
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