Should Rich Colleges Be Forced To Spend Endowment?

There’s a perception “that super-wealthy universities are doing too little with their riches to help students (especially low-income ones) afford college, continuing all the while to raise tuitions faster than inflation. Their proposed solution — forcing institutions with the largest financial endowments to pay out at least 5 percent of those funds a year — would, they argue, compel the institutions to spend more of their own funds.”