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Because a significant chunk of funding for financial aid initiatives comes from university endowments??all of which have been crippled by volatile markets in past months—university leaders have been forced to scale back on other endeavors funded by endowment money...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Universities Increase Financial Aid Levels | 4/23/2009 | See Source »

Senator Charles E. Grassley—a leading critic of low spending from colleges and university endowments??proposed stricter disclosure requirements in federal tax filings for schools on Monday, suggesting a willingness to stop short of threatened legislation on the issue. “I would like to ask [federal agencies] to develop a Form 990 schedule for colleges and universities,” Grassley said in reference to the form required for tax-exempt and non-profit organizations. He added that he wanted a specialized form to require information about “student populations or costs...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Senator Grassley Tones Down Threats on Endowment Spending | 9/9/2008 | See Source »

...acquainted with college administration, Avery says that for many colleges, while tuition is an important source of revenue, it is definitely not the only source–colleges may even spend more per student than they charge in tuition. So it may well be feasible for colleges with large endowments??certainly those exceeding $30 billion—to operate tuition-free. But again, colleges must face the philosophical question he initially posed; Larsen himself comes down strongly on the negative side.“College provides an important service to families and many of them can easily...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Why Can't Harvard Be Free? | 10/10/2007 | See Source »

Harvard is home to some of the world’s greatest minds on the subject of education. We have experts on the history and economics of education, education policy, pedagogy, primary schools, higher education, and educational endowments??just to name a few areas. Unfortunately, these scholars are scattered across a variety of departments within the Faculty of Arts and Sciences, the Kennedy School of Government, the Business School, and, of course, the Education School. The same goes for many other topics in the social sciences—from urban studies to racial discrimination, inequality to immigration...

Author: By The Crimson Staff | Title: Bridging the Social Science Gap | 10/2/2007 | See Source »

...college tuition continues to rise, the U.S. Senate is considering ways to regulate university endowments. The move brought a rebuke from Harvard, which insisted that Congress should not dictate how university funds are spent. At a Finance Committee hearing on Wednesday, senators considered measures including the repeal of university endowments?? tax-exempt status and mandating minimum yearly payouts to help lower tuition costs. The discussion at last week’s hearing focused on the spectacular growth of university endowments, which collectively increased by 17.7 percent to dollars in fiscal year 2006, according to testimony at the hearing...

Author: By Cora K. Currier, CONTRIBUTING WRITER | Title: Harvard Rejects Endowment Regulation | 10/2/2007 | See Source »

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