March 8, 2008
NBC News Report on Tuition Costs and College Endowment Spending
Good morning millions of loyal and enraptured readers! Last night the NBC Nightly News reported on the rising costs of tuition and recent congressional pressure on colleges and universities (you have to listen to a 30 second commercial first) to spend more of their tax free endowments to help middle income students. Its a mere "sound bite" report but it does include a statement from a Stanford spokesperson denying that Congressional pressue has had anything to do with Harvard, Yale, or Stanford's recent efforts to make it easier for the less wealthy to gain access to what are supposed to be quintessentially "charitable" services. Go figure! Charitable services -- subsidized by tax exemption -- that anybody making less than say, $250,000, (i.e., a quarter million a year) doesn't qualify for!
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