Tuesday, July 22, 2008

College endowments are misers

Look at this graph from BusinessWeek. The average percentage of assets college endowments spent per year decreased from 5.1% in 2003 to 4.6% in 2007. It's not because the endowments are shrinking, they grew 17% last year. Click through the entire slideshow for more numbers. A couple of colleges were singled out for boosting aid.