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Field, Kelly – Chronicle of Higher Education, 2008
This article reports that if there's a silver lining in the dark cloud hanging over campus budgets, it may be that colleges' investment losses could ease Congress's demands for mandatory endowment payouts, at least in the short term. In part that's because colleges tend to spend greater portions of their assets when endowments dip, even if overall…
Descriptors: Educational Finance, Student Financial Aid, Endowment Funds, Finance Reform