Word: baucus
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...Grassley and his Democratic counterpart, Max S. Baucus of Montana, expressed concern that soaring tuition costs have made it difficult for lower and middle-income families to pay for college education, and that endowments have grown faster than spending on financial...
...Baucus and Charles E. Grassley, the chairman and ranking member of the Senate Finance Committee, requested the information late last month from the nation’s wealthiest schools by endowment size...
...issue of university endowment spending, which has drawn the attention of Senator Charles E. Grassley, came to the fore last week when he and Senate Finance committee chair Max S. Baucus sent letters to the 136 wealthiest colleges in the nation, requesting detailed information about their investments and spending practices...
...Grassley and Baucus have praised recent initiatives by Harvard and Yale to increase financial aid for upper-middle-class families, but Summers said he believed Harvard’s move was independent of the senator’s concerns, contrary to speculation by some in the media...
...Grassley and Baucus, a Montana Democrat who attended Stanford, applauded the recent expansions of financial aid by Harvard, Yale, and Dartmouth in their letter to the 136 universities, calling it the “first good news in a long time” in terms of reigning in tuition costs...