Are Some College Trustees Abusing Their Trust for Profit?
Filed under: College Finance
Those of us buried under rising tuition and huge piles of student debt may wonder: What in the world made college so expensive? And how is it that donor- and taxpayer-funded endowments aren’t bearing more of the burden?
Part of the answer lies in investments made by college and university trustees, which resulted in huge losses after the 2008 financial crisis, with average one-year losses totaling 20.5% among schools with endowments higher than $1 billion, according to InsideHigherEd.com.
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Are Some College Trustees Abusing Their Trust for Profit? originally appeared on DailyFinance.com on 2012-07-04T05:00:00Z.
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