<p>And dont forget that Columbia is also contunually adding to its endowment through pervasive fund raising efforts. Why raise it if you’re just going to horde it and arent going to use it?</p>
<p>And, if Col is like other schools with high endowments a good piece of their endowment is restricted to and can only be used for finaid due to donor requirements. The earnings on this restricted portion alone (not to mention the earnings on the unrestricted portion) are typically more than enough to fully fund their finaid budget, yet many insist on partially funding finaid through tuition and fees charged to students. Fair?</p>