Word: tuitional
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Supporters of the legislation say colleges have been hoarding endowment returns in recent years even as they have hiked tuition and fees and given short shrift to financial...
American universities have long been the envy of the world, with seemingly bottomless purses to bankroll cutting-edge research, top-notch faculty and construction projects galore. And fiscally speaking, these schools have it better than most businesses in the U.S.: multiple sources of revenue, including parents willing to pay tuition through the nose amid all kinds of money trouble, have often kept these institutions insulated from economic downturns. But in a financial crisis of this magnitude, even the ivory towers are getting hit - and in more ways than one. Not only have Bank of America, Citigroup and some two dozen...
...Other ambitious platforms advocate lower tuition and a change in how Harvard distributes its funds...
...Harvard students still paying tuition when Harvard is seeing multibillion-dollar returns on its endowment?” asks the Facebook group page for Edward “Ned” L. Monahan ’12. The Facebook platform for Seth A. Pearce ’12 proposes “Student oversight on Harvard’s investments and shareholder votes,” as well as “supporting not only students, but also Harvard employees, and the residents of Cambridge and Allston-Brighton...
...money to pay for this." And so he voted against the measure. "Fremont has one of the highest foreclosure rates in California, and unemployment is high. I think their feeling is, Why should you be bailing out Wall Street when we know people who can't afford junior college tuition? They see the Wall Street giants as extremely rich people very different from them." Stark evinces no panic when told the markets may tumble further. "The sky isn't falling," he says...