Word: grassley
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...Grassley, an Iowa Republican, has gained widespread attention for proposing that universities be held to the same standards as other charitable organizations, which must spend a minimum of five percent of their endowments each year...
...Jill Gerber, a Grassley spokeswoman, said that no legislation has yet been filed, and that responses to the questionnaire will provide needed information before further steps can be taken...
...This will give the committee members a more complete picture of what’s happening,” she said. “Senator Grassley would like to see more action and a fuller understanding of growth and spending...
...endowment has to support all of the University—all 11 schools and all 20,000 students,” he said. “I don’t know if Grassley has thought of it as serving all of those purposes...
...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...