Wednesday, January 30, 2008

Text of Grassley's Letter to Colleges and Universities re: endowment spending now available

We continue to monitor the Senate Finance Committee's scrutiny of college and university endowment spending.  For our most recent previous blog on the topic see Grassley Probes University Riches.  That post referred to Senator Grassley's inquiries to over 136 colleges and universities with endowments greater than $500 million.  The actual letter, containing 11 detailed questions regarding endowement spending and financial aid, is now available here.  A recent study by the National Association of College and University Business Officers, detailing double digit growth in endowments, is available here.  That link will also take you to previous informative studies on the topic. 

dkj

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