University foundations and tuition

March 3, 2008
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College and university foundations have been raking in the dollars in the past few years due to big investment returns. Millions of dollars have flowed in.

As IBJ reporter Tracy Donhardt wrote in this weekendâ??s paper, critics say more of the largess should be directed toward helping students afford a college experience.

Endowment officials counter that returns havenâ??t always been so good, so theyâ??re reluctant to part with too much of the money. Besides, some argue, too many parents donâ??t save for college and then expect others to cough up the money as if the education were a birthright.

Should more foundation earnings be earmarked to help with tuition?
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  • That's not a bad idea, but an often overlooked culprit behind the rise in tuition costs at public universities is the lack of cost control at these institutions.
  • I work in a higher education institution and it's not just the cost of tuition that has gone up. It is the cost of doing business everyday--upkeep of buildings, new technologies, benefits, faculty and staff salaries. These have gone up exponentially. I can certainly understand why foundations would be reluctant to give up more money for tuition relief.

    As for what Brian says...the university I work for has reeled in spending for the past several years, so I don't see that as a viable culprit.

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